Investor state legal system 2024 – 170 x 25 x 23cm, plaster, jute, canvas, oil paint, acrylic paint
‘Our countries have also collaborated in developing a global trade and legal regime that favours capital over the democratic state. One example is the system known as investor-state dispute settlement, which grants offshore courts primacy over national sovereignty’. ISDS is a secret court set up in 1966, it was designed for corporations to denigrate the domestic courts of countries. Case in point Prospera (the charter cities and SEZs company) is a Peter Thiel–backed firm currently suing Honduran Govt for constraining its profits for $11 billion because the supreme Court declared their charter city and infringement on Honduran’s sovereignty.