The Secret Corporate Takeover by Joseph E. Stiglitz – Project Syndicate

Nobel Prize winner Joseph Stiglitz on the enormous regulatory loophole in the proposed Trans-Pacific Trade Agreement:

The real intent of these provisions is to impede health, environmental, safety, and, yes, even financial regulations meant to protect America’s own economy and citizens. Companies can sue governments for full compensation for any reduction in their future expected profits resulting from regulatory changes.

via The Secret Corporate Takeover by Joseph E. Stiglitz – Project Syndicate.