Big Tobacco: Saving Lives is "Expropriation"

" Philip Morris is currently taking action against Uruguay’s proposed anti-smoking laws under the investor-state disputes mechanism of the trade agreement between Uruguay and Switzerland. Uruguay is proposing to introduce new measures requiring 80 percent of cigarette packaging to carry graphic warnings against smoking. The company argues such measures effectively expropriate their investments. Under the investor-state disputes mechanism a World Bank panel will decide if Uruguay must pay Philip Morris for this ‘expropriation’.


So let me get this straight. Philip Morris - and all the other tobacco companies - make hefty profits by selling highly addictive substances to people that the company knows will probably give them cancer and/or a host of other life-threatening and painful diseases. Their deaths will cause huge losses not just personally, but economically - to their families, and to the state.

And yet, thanks to this wonderful "investor-state disputes mechanism", an unelected World Bank panel made up of people whose interests are probably aligned with big business rather than individuals in developing countries, "will decide if Uruguay must pay Philip Morris for this ‘expropriation’.""

http://opendotdotdot.blogspot.com/2010/12/big-tobacco-saving-lives-is.html