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National Geographic: Genius

Watch an exclusive sneak peek from the first episode of Genius, starring Geoffrey Rush as the older Einstein and Johnny Flynn as the younger.

Sunday, March 1, 2015

ISDS: The Trans-Pacific Partnership clause that everyone should be against

ISDS: The Trans-Pacific Partnership clause that everyone should be against

Posted on MARCH 1, 2015 | Written by SENATOR ELIZABETH WARREN, WASHINGTONPOST.COM

The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries. Who will benefit from the TPP? American workers? Consumers? Small businesses? Taxpayers? Or the biggest multinational cor­po­ra­tions in the world?

One strong hint is buried in the fine print of the closely guarded draft. The pro­vi­sion, an increasingly common feature of trade agreements, is called “Investor-State Dispute Settlements,” or ISDS. The name may sound mild, but don’t be fooled. Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favour of big multinational cor­po­ra­tions. Worse, it would under­mine US sovereignty.

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