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Democracy Now!

Leading Economists Oppose TPP Provision Giving Corporations Upper Hand in Investor-State Disputes

As the Obama administration begins a new push to approve the Trans-Pacific Partnership, known as the TPP, more than 200 of the country’s leading economists and legal scholars have written a letter urging Congress to reject the 12-nation trade pact, citing its controversial investor-state dispute settlement. Critics say the so-called ISDS regime creates a parallel legal system granting multinational corporations undue power. "Democracy Now!" speaks with Lori Wallach, director of Public Citizen’s Global Trade Watch. "This is an agreement so repugnant that members of Congress do not want to vote for it," says Lori Wallach.

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