The dark side of investment agreements
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Published on Jul 5, 2012
Movements around the world have put the spotlight on bailouts and tax evasion that have enriched the 1% at the expense of the 99% but this is only part of the picture. This popular video animation exposes how international investment agreements are also at the heart of an international economic system that is enriching a small corporate elite at the public expense. This video shows how:
•corporate lawsuits against governments have risen by almost 1200% since 1990 •Argentina's legal bill for fighting corporate lawsuits has come to US$ 912 million, equivalent to the annual average salary of 140,000 teachers or 75,000 public hospital doctors
• corporate lawyers, based mainly in the UK and US, are earning around $800 dollars an hour encouraging corporations to sue governments
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All Comments (2)
SatounoKumo 5 months ago
This raises questions over Justice and Law and how flexible and manipulated they are today...
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SHALINFinland 10 months ago
Something to ponder, question and challenge..
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