War on Want: Stop corporate courts
Corporate courts, formally known as ISDS (investor-state dispute settlement), are an obscure parallel legal system only accessible to the super-rich. They allow transnational corporations to sue governments outside the national justice system, for amounts into the billions, over decisions the companies think might affect their profits.
Health warnings on cigarette packets, raising the minimum wage and protecting the environment from mining are just some of the laws big business has challenged in corporate courts. Even the threat of a case can be used to bully governments into backing down.
Recently the Minister proposed using Brexit to slash tariffs, regardless of impact on jobs, farming and industry, following an extreme market-driven approach. Corporate courts are a key part of this agenda.
The minister wants to keep ISDS to protect investment stocks. We need to speak out and say that people and planet matter far more.
The fightback has begun. Across the world, countries have been rejecting ISDS: South Africa, India, Ecuador, Tanzania, Indonesia and New Zealand have all taken steps to back away from corporate courts.
Here in the UK and across Europe, our movement against TTIP and CETA – the EU’s trade deals with the USA and Canada – has exposed its illegitimacy. The system is vulnerable.
We’re at a tipping point, and if enough of us come together, we could bring ISDS down altogether. Can you sign the petition today and join the movement to end corporate courts?