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Corporate Personhood Free Trade Agreements

In recent years, corporate personhood and free trade agreements have become hotly debated topics. Corporate personhood refers to the legal doctrine that recognises corporations as having the same legal rights as a natural person, such as the ability to sue and be sued. Free trade agreements, on the other hand, are agreements between countries that seek to reduce trade barriers and ensure fair competition.

The combination of corporate personhood and free trade agreements has resulted in a complex and controversial situation. The issue lies in the fact that corporations are being granted legal personhood, which allows them to take advantage of free trade agreements. This, in turn, gives large corporations more power and influence over global trade than individual citizens or small businesses.

With corporate personhood, corporations have been able to use free trade agreements to their advantage, allowing them to sue governments for any trade regulations that they believe could hurt their profits. These regulations might include anything from environmental protections to labour standards. If corporations win these lawsuits, it can be incredibly costly for governments, and in some instances, these legal battles can result in the removal of essential regulations.

It`s important to note that not all free trade agreements and corporate personhood are created equal. Some agreements have more stringent standards that protect the rights of citizens and labourers. However, there are instances where these agreements have been used to exploit workers in developing countries and prevent governments from being able to regulate harmful business practices.

For example, the North American Free Trade Agreement (NAFTA) has been criticised for allowing corporations to outsource jobs and exploit workers in Mexico. Companies have moved production to Mexico, where workers are paid less and have fewer protections, all while still being able to sell products back into the United States.

Another example is the Trans-Pacific Partnership (TPP), which has been accused of favouring large corporations over small businesses and workers. Critics argue that the agreement would have led to an increase in corporate power and limited the ability of governments to regulate businesses or protect workers` rights.

In conclusion, the combination of corporate personhood and free trade agreements has resulted in a highly debated and controversial issue. While free trade agreements can bring many benefits, they can also create loopholes for corporations to exploit governments and labourers. It is important for policymakers and citizens to consider the implications of these agreements carefully and ensure they are designed with the public interest in mind.