Ein Weltreich des Kapitals? Die Institutionalisierung ungerechtfertigter Investorenprivilegien in TTIP und CETA/A world empire of capital? The institutionalization of unjustified investors' privileges in TTIP and CETA

In the relationship between capital exporting developed countries and capital importing developing countries, investor state dispute settlement mechanisms had a specific, even if sometimes ambivalent, role to play as part of bilateral investment treaties. In the relationship between the European Union and the US or Canada - and in the relationships between liberal constitutional democracies more generally - such arbitration tribunals are not only unnecessary, they tend to illegitimately privilege investors and raise constitutional concerns.