|
COG
|
Homestead Discussion |
|||||||||
| |
[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index] What is the ICC per Shann Turnbull's Question
Shann Trunbull asked me to define "ICC" as used in my previous policy piece. The "ICC" I refer to in my "Stock Quid Pro Quo for Government Largesse" piece is the Interstate Commerce Clause (ICC) of the United States Constitution. This is the context. I think the WTO trade agreements serve the same function for the world as the Interstate Commerce Clause does for the US. The purpose of the ICC was to require uninhibited trade between the states, barring all tariffs or other state legislation that would inhibit such trade. It has been used over the centuries to create a much stronger federal government than the founders imangined, which has had primarily positive effects, but perhaps some negative ones as well. The important point about the comparison with the WTO, is that the ICC was part of a larger Constitution which explicitly protected rights of individuals and the several States. The WTO negotiated trade agreements do not deal with the political and social fallout to civil society which they may engender. Those usually are covered by a Constitution. If there are agreements between governments on trade that drastically curtail the rights of soverign governments to govern, then those international agreements need to address other issues of civil society. Deb Olson Attorney Deborah Groban Olson Principal Shared Equity Strategies, Inc. 3163 Penobscot Bldg. 645 Griswold St. Detroit, MI 48226 (ph) 313/ 331-7821 or 964-2460 (f) 313/ 331-2567 or 964-4065 dgo@EsopLaw.com www.EsopLaw.com www.Shared-Equity.com ESOP and stock plan professionals, providing legal, financial and administrative guidance to create and maintain employee stock ownership plans and other forms of equity compensation.
|