It’s even worse than I thought. But then everything that comes out of D.C. seems to be.
I sent a letter to the editor covering economic as well as military issues. Here is the section dealing with economics:
At 322 articles and annexes U.N. Convention on the Law of the Sea (UNCLOS) resembles covert “comprehensive immigration reform”, including too many disturbing points to mention, while excluding our Security Council veto.
Provisions favor state owned and large private corporations, raising barriers against small companies and proprietors vital for free societies. For example, Articles 156-161 discuss governing/managing structure, and article 170 U.N.’s own revenue entity called Enterprise. UNCLOS Annexes 1982-Part 1, Annex III, Article 5,5 say Enterprise shall obtain needed seabed technology on “fair and reasonable” commercial terms, as judged by the governing structure creating the entity. Proceedings become show trials when individuals and companies holding patented technologies plead lacking powerful advocates.
Yep, it’s scary.