Mr. Speaker, I listened with interest to the speeches of my colleagues on this private member's bill today and I found their arguments to be interesting.
I appreciate that there are two points of view on this issue, but I want to add another voice to the discussion this morning regarding property rights, which refers quite directly to the recent talks of the World Trade Organization in Seattle.
It seems to me that we have gone out of our way in providing property rights to certain kinds of corporations. Under the NAFTA and the provisions of the WTO, in the future more rights will be given to corporations to overrule the decisions of duly elected representatives of parliaments and legislatures.
At the top of the list is the present initiative of Sun Belt Water Inc. of California, which wants to export fresh water from Canada to California. Because the provincial government of British Columbia passed legislation which prohibited that particular initiative from proceeding, Sun Belt is suing the federal government, on behalf of the British Columbian government, under the provisions of the NAFTA for what it says could be as much as $10 billion in lost profits.
This is the ultimate in property rights being represented. A company is saying that because elected Canadians, in their wisdom, chose legislation, in their judgment, to protect the welfare of future generations and the health of Canadians, it has property rights and it will sue for lost revenues that it would accrue in the future. This is the ultimate in handing over rights to private corporations which will clearly, in many cases, go against the decisions of duly elected representatives of the people of Canada.
Let us be more specific. I could mention the legislation that we were driven into to protect patent rights for multinational drug companies. We were under incredible pressure to regulate and to legislate in favour of multinational drug companies to give them a 20 year monopoly on any new drug. We could debate whether 20 years is reasonable or whether it should be 2, 10, 50 or whatever, but there was absolutely no choice that the intellectual property rights of international drug companies required us to pass legislation guaranteeing them monopoly rights on new drugs for 20 years. One has to admit that is a very good deal.
I think you will remember those days, Mr. Speaker. The feeling was that we had no choice. We were driven into legislating in favour of protecting intellectual property rights that would benefit multinational drug companies against the best interests of the consuming public. When there is a monopoly drug situation, obviously there is not going to be any competition in the marketplace and people will be gouged. I do not think the evidence has ever been refuted. It is clear that because of the lack of competition by generic drug companies the prices for our drugs in this country are significantly higher than they normally would be or than they need be, which causes incredible pressure on our health care system, to say nothing of the consuming public in general.
When we talk about property rights, particularly as they focus on the corporate sector, this is getting close to Mecca. This is as close to corporate heaven as one could possibly get. I could read all sorts of examples other than all the national drug companies that have been handed this incredible property right.
There was a controversy over some of the big forest companies and their forest practices. People were saying that the legislation needed to be changed to stop the abuses of various forestry codes. The American companies said they would sue us for their lost profits if we imposed legislation to protect Canada's forests and stopped them from their cutting rights as they understood them.
Clearly, American corporations have great property rights, much greater than Canadian corporations. I could throw in Mexico as well. We have not been challenged by many Mexican companies but we have been by American companies.
Let me be more specific. In an article a little while back Time Canada Ltd. said that it would not have to make good on a threat to sue Canada for its pending magazine legislation. We can debate magazine legislation and cultural legislation, but the reality is we have been interested over the years in strengthening our cultural sector through legislation to give Canada's cultural industries a bit of a hand up and assistance to enable them to get under way to compete in the international markets. However, we have been reminded time and time again that if we assist our corporate sector particularly when it comes to culture, that they will sue. They have the right now under NAFTA to do just that, and they want to expand that to include all 134 countries under the WTO. So there is time.
I want to quote my friend Dalton Camp.