This and that for your Thursday reading.
- Joseph Stiglitz laments the corporate takeover of policy-making processes, including by imposing trade rules which impede democratic decision-making: The real intent of [investor protection] 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. This is not just a theoretical possibility. Philip Morris is suing Uruguay and Australia for requiring warning labels on cigarettes. Admittedly, both countries went a little further than (Read more…)