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DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Mustn't we reevaluate our... » Reply #44

Response to Ferd Berfel (Reply #38)

Wed May 11, 2016, 01:16 PM

44. If allowing the people to decide is a CHANGE that reduces profits it may beforbidden by trade policy

Its possible that the "right to regulate" in many areas (such as health care and educational services - as well as apparently explicitly clear that the right to regulate in health insurance may already have been intended to have been given away (however its not clear if any countries are entitled to compensation yet but this is likely to change very soon!!! and become a property right that has 'vested' under current international trade regulatory structures- What is meant by "may have vested"? that would mean that an event which transfered the property (the right to regulate0 to its new owners may have already have occurred.

If so, reverting to the previous state (democracy) would be a event that requires compensatory action by the people to compensate corporations for their lost expected profits unless it could be proven that the Administrations who may have initiated the transfer were operating outside of their powers.

If indeed that is the case it would behoove the nation to immediately initiate proceedings to recover the lost "property" namely "the right to regulate".

One way to attempt to hedge our bets would be to do what the Europeans are doing and attempt to insert such a clause into newer trade agreements despite the opposition of the United States.

If that is not already the case now it certainly will be after TPP is signed during the lame duck session.

Since the compensation is based on lost EXPECTED profits, ignoring any probable future economic crashes it would likely be so astronomical as to cause one.

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