In 1959, Pakistan and Germany signed the world’s first bilateral investment treaty (BIT), giving private corporations unprecedented power to sue these countries’ governments over alleged violations of a long list of so-called “investor protections.” In the decades that followed, such investment rules proliferated in thousands of similar bilateral treaties, as well as the investment chapters More

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This content originally appeared on CounterPunch.org and was authored by Manuel Perez-Rocha.

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