Among the many terrible features of the Trans Pacific Partnership, twelve countries are crafting something that would give corporations unprecedented power: a secret court for capitalist enterprises to sue any country that infringes on profits. As it stands, with investment treaties skewed in their favor, multinational corporations enjoy the freedom to pillage developing countries–when people suffer disease, death and environmental devastation as a result, they simply claim there is no jurisdiction where they can be made to answer to a court.
Despite many international human rights treaties that countries must follow, there are none that apply to corporations–despite the fact that 37 of the top 100 economies in the world are corporations.
Ecuador has been spearheading a project in the United Nations to create a binding legal instrument that, for the first time, would hold corporations accountable for human rights violations in the countries they extract profits from. Leading this initiative is Maria Fernanda Espinosa, Ecuador’s permanent representative to the UN. She joined Abby Martin at the TeleSUR studios in Quito to discuss this historic venture.
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