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this post was submitted on 23 Sep 2024
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There's the International Criminal Court, yes, but there's also the International Chamber of Commerce.
The confusion gives them(the Commerce peeps) a veneer of authority, although as a facet of the International Monetary Foundation that the US/EU requires countries to sign onto in order to do business, they do issue binding decisions versus member countries. That, or the US get's more hands-on with its meddling.
Ah I get you, sorry, I stand corrected. Surely such a claim would come forward through the WTO though, would it not? Would the ICC (the Chamber of Commerce) have enough teeth as the forum for what's surely a monumental case?
The WTO is probably right. I couldn't remember earlier, did some googling, and went with what I found. The WTO and IMF together are a global juggernaut. The ICC is ... the one that sticks out in my memory, for some reason.
I believe the ICC does have a dispute forum. But when you get to these IGOs, it's unbelievable how many there are. Could probably bring the complaint forward in multiple other forums too.
In the case of the IMF, its unbelievable how much power and influence they have.
Monetary policy makes the world go round, unfortunately.