The dark side of investment agreements – Unions For Trade Justice

The dark side of investment agreements

Movements around the world have put the spotlight on bailouts and tax evasion that have enriched the 1% at the expense of the 99% but this is only part of the picture. This popular video animation exposes how international investment agreements are also at the heart of an international economic system that is enriching a small corporate elite at the public expense. This video shows how: •corporate lawsuits against governments have risen by almost 1200% since 1990 •Argentina’s legal bill for fighting corporate lawsuits has come to US$ 912 million, equivalent to the annual average salary of 140,000 teachers or 75,000 public hospital doctors • corporate lawyers, based mainly in the UK and US, are earning around $800 dollars an hour encouraging corporations to sue governments.