By Dsa

By Paul Garver

No, the acronym ISDS does not refer to the Islamic State (ISIS) — though ISDS may pose an equally grave menace to the world in the long run.

ISDS stands for Investor-State Dispute Settlement. Thanks to the recent WikiLeaks publication of the classified draft Investment Chapter of the Trans-Pacific Partnership (to have been kept secret for four years after the entry into force of the TPP agreement), we know that the ISDS is to be the unaccountable supranational court for multinational corporations to sue sovereign governments and obtain taxpayer compensation to recover the alleged loss of “expected future profits.”

Source: Greasing the Fast Track… to Global Catastrophe