A small club of international law firms, arbitrators and financial speculators are fuelling an investment arbitration boom that is costing taxpayers billions of dollars and preventing legislation in the public interest.
Washington, D.C.—This Friday, May 17, in Bogotá, Colombia, Organization of American States (OAS) Secretary General José Miguel Insulza will present Colombian President Juan Manuel Santos with the outcomes of the hemispheric drug policy review that was mandated by the heads of state at the 2012 Summit of the Americas in Cartagena.
An infographic that accompanies our report, Guns, Debt and Corruption, illustrating the role of military spending in causing and perpetuating the economic crisis.
Major industrial and financial corporations are organised internationally; at the European level there is a possibility of establishing greater democratic control over their activities; a step back towards the nation state would be a move in the wrong direction.
As European Union (EU) member states consider the implications of environmentally risky shale gas development (fracking), negotiations are underway for a controversial EU-Canada Comprehensive Economic and Trade Agreement (CETA) which would grant investors the right to challenge governments’ decision to ban and regulate fracking.
Keynes, convinced of the power of ideas over that of “vested interests”, famously held that “Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.” Now there’s little doubt that the social life of ideas helps explain the astonishing persistence of ‘Thatcherism’.