Another week, another victory for big business over a government in a secret pseudo-court. This time it’s the turn of private water giant Suez, who successfully sued Argentina for reversing the privatisation of Buenos Aires’s water supply.
No matter that the country was in a state of economic crisis when the nationalisation took place, and the government didn’t want water prices to rise by 60%. No matter that the company time and again failed to meet its performance targets. In the world of corporate courts, nothing matters except an investor’s ‘right’ to profit.