COMMON DREAMS: Biden Should Use the Americas Partnership for Economic Prosperity to Free the Hemisphere From ISDS

Biden Should Use the Americas Partnership for Economic Prosperity to Free the Hemisphere From ISDS

One of the most controversial aspects of the hyperglobalization era, investor-state dispute settlement elevates multinational corporations and foreign investors to equal status with national governments.

By Lori Wallach, Daniel Rangel

A man in a hat saying, “ISDS Stop, TTIP stop.”

The president’s extended national Bidenomics tour touted the administration’s break with “neoliberal” policies and the resulting increase in wages, manufacturing jobs, and infrastructure investment. That fêete should extend through the month: On July 1, the United States also celebrated an important rollback of one of the most controversial aspects of the hyperglobalization era, the investor-state dispute settlement regime.

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