[Date Prev][Date Next][Date Index]
Money Above the Law.
- Subject: Money Above the Law.
- From: GreenPlanet <riccawu@MNSi.Net>
- Date: Sun, 1 Jun 1997 12:44:47 -0400
>From: Inviting Debate <email@example.com>
>Subject: Money Above the Law.
> $ $ Putting the Rights of Money Above the Laws of Nations. $ $
> A COUP is brewing to put the rights of international investors
>beyond the reach of national laws.
> Under MAI, the Multilateral Agreement on Investment, member nations
>would be forbidden to use investment rules to promote social, environmental
>or economic goals, including job creation. Investors from any other member
>nation would be guaranteed entry and residency. They could bring in their
>own workers, raw materials or component parts, and they would be under no
>obligation to sell their product locally or even to keep assets in the
>country where they are bought.
> Any national laws, past, present or future, that affects investors
>or the assets they buy would be subject to approval by an unelected
>international panel. No where in the agreement is there provision for a
>member nation or effected people to sue for damage caused by the action of
> The full text of the 170 page MAI can be found at:
>There is also a 7 page summary of the text and many other related items.
> The justification for MAI is that it will stimulate economic
>growth. This may be true, but economic growth does not necessarily benefit
>people. There is another goal that we might choose which does not require
>overriding democracy. It is a Question of Direction. See:
> The great fortunes of the world are worried about where to invest
>the huge amounts of money they have gathered. MAI would solve their
>problem for a while. At first it would bind members of the OECD
>(Organization for Economic Cooperation and Development), 29 of the world's
>richest countries. They could then pry the rest of the world open for
>purchase by making trade with them contingent on signing the MAI.
> Preparation for this deal was a well kept secret until word slipped
>out a couple of months ago. Can citizens who have had no part in preparing
>this 'agreement' be subjected to its wide ranging provisions? It would be
>better if we didn't have to find out. Learn more about the MAI, spread the
>word, let your representatives know it is unacceptable. Resist the new
> * * * * * * * * * * * *
> 'Never doubt that a small group of thoughtful
> committed citizens can change the world,
> indeed it's the only thing that ever has.'
> Margaret Mead
> * * * * * * * * * * * *
>Sustainability Project - Inviting Debate
>P.O. Box 374, Merrickville, Ontario