https://time.com/7294746/capitalism-climate-activism-local-solutions/
"We’ve stood on the frontlines of the climate movement, inside global summits
where fossil fuel lobbyists outnumber Indigenous delegates, in communities
navigating climate disruption, and on the streets demanding justice. Over time,
one truth has become harder to ignore: climate change is not just an
environmental crisis, it’s a symptom of a deeper economic pathology.
The engine behind it all is an economic model built for endless growth, powered
by extraction and globalized trade. It has delivered rising emissions,
deepening inequality, and a system in which multinational corporations can sue
governments simply for trying to protect people or ecosystems, thanks to trade
agreements laced with investor protections.
One shadowy clause of international law, innocuously named Investor-State
Dispute Settlement (ISDS), lets foreign corporations bypass national courts and
sue governments in secretive tribunals, if public-interest laws threaten their
profits. The results are both dangerous and absurd: Germany sued for regulating
coal pollution; Australia targeted for tobacco controls; Central American
countries penalized for protecting their water.
It’s a system that rewards polluters and punishes protectors. And it’s baked
into the very fabric of the global economy, ensuring that any meaningful
environmental regulation can be legally challenged by the corporations it
threatens."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
