Reminds of Vulture Funds shaking down the poor

> ... An arbitration center staffed by three retired Arizona judges handles dispute resolution. (In order to enter the jurisdiction, I was told I needed to sign an “agreement of coexistence” binding myself to 4,202 pages of rules, violations of which would be subject to the jurisdictional authority of the arbitration center.)

Sound very free, efficient!?!
> 4,202 pp. of rules!!

https://archive.is/T8e11
https://www.nytimes.com/2024/08/28/magazine/prospera-honduras-crypto.html
/HT @wchr
🧵

.> But the Honduran president’s passionate appeal for democratic sovereignty, a recurrent theme in Central American history, clashes with the deeply ingrained notion in the psyche of much of the U.S. foreign-policy establishment that still considers Honduras a part of the proverbial “backyard,” where the United States can promote and protect what it believes to be in its own interests.
In response to the migrant crisis at the southern U.S. border, the Biden administration says it is focused on addressing the root causes of migration in Central America, which include “lack of economic opportunity, poor governance and corruption, crime and violence.” Supporting an investment scheme, like the Honduran ZEDEs, that threatens human rights, enables corruption, undermines the rule of law, and is shielded from government regulation does the opposite of addressing those root causes.

https://archive.is/sFiJb
https://foreignpolicy.com/2024/01/24/honduras-zedes-us-prospera-world-bank-biden-castro/

##Honduras ##HondurasZEDEs ##ZEDEs

Sounds like an older WTO?

> ICSID, established in 1966 as a means to resolve legal disputes between international investors and states, is an investor-state dispute settlement (ISDS) court under the World Bank. ICSID allows investors to effectively sue governments for investment losses, including future profits.

https://archive.is/sFiJb

#ICSID #ISDS #GuillaumeLong #InvestorsRights #AntiDemocracy
#AntiSoveriegnty

@bs2