Reply to post: Re: Formerly, your gov. sucked - you moved to the US. Today, there is no recourse.

Will the next US-EU trade pact prevent Brussels acting against US tech giants?

the spectacularly refined chap

Re: Formerly, your gov. sucked - you moved to the US. Today, there is no recourse.

AFAIK things work just fine, apart from the potentially annoying requirement of multinationals to actually follow the laws as they exist locally.

But they don't always. Consider one of the most basic examples - nationalisation of corporate assets without compensation. If you think this can't happen just look as far as Zimbabwe and Venezuela. Tin pot governments to be sure, but is it just that a national government can simply swipe the assets of a foreign investor who has invested in good faith and has developed the economy of that country? Legal safeguards on the powers of governments are nothing new (take the ECHR for example) and provide greater certainty and protections against the whims of a corrupt or overly populist government.

If you accept that then yes, it becomes an issue of extent. I personally wouldn't trust whatever the US is proposing as far as I could throw it - the political system has been dominated by corporate shills for far too long. The EU does have a better track record of balancing this kind of issues where the interests of governments, corporations and individuals conflict. Personally I'm willing to wait and see what is actually proposed as opposed to a knee jerk "the government can do what it wants, no matter how corrupt or how desperately it is attempting to hold on to power".

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