"...At the talks in Cancun, in Mexico, Lamy made the poor nations an offer that they couldn't possibly accept. He appears to have been seeking to resurrect, by means of an "investment treaty", the infamous Multilateral Agreement on Investment. This was a proposal that would have allowed corporations to force a government to remove any laws that interfered with their ability to make money, and that was crushed by a worldwide revolt in 1998.
In return for granting corporations power over governments, the poor nations would receive precisely nothing. The concessions on farm subsidies that Lamy was offering amounted to little more than a reshuffling of the money paid to European farmers. They would continue to permit the subsidy barons of Europe to dump their artificially cheap produce into the poor world, destroying the livelihoods of the farmers there..."