In this most bizarre of presidential elections, no one is talking about one of the biggest—if not the biggest—issues of our time. Namely, the global power imbalance between corporations and governments. Not Donald Trump, as he obsesses over the weight of a long-past Miss Universe. Not Hillary Clinton, despite her many substantive proposals that the media largely ignores. Not even[Read More…]
Post Tagged with: "Globalisation"
“The only way to counter globalisation—just a plot of land in some central place, keep it covered in grass, let there be a single tree, even a wild tree.” This is how dear friend and eminent writer Mahasweta Devi, who passed away on July 28, at the age of 90, quietly laid out her imagination for freedom in our times[Read More…]
Rufus Yerxa, the top lobbyist for the National Foreign Trade Council, told World Trade Online, on July 12th, that he believes “there is enough time and congressional support to get TPP passed during a lame-duck” session of Congress, meaning the session between November 9th and January 3rd, which would be in time for U.S. President Barack Obama to sign it into U.S.[Read More…]
Earlier this year, a collection of papers was published under the title of Building Global Labor Solidarity in a Time of Accelerating Globalization (Scipes, ed., 2016). It was a strong effort by seven labor activists and scholars from different parts of the world to think out how workers today can support each other globally; initially so as to defend against[Read More…]
Africa is facing a new and devastating colonial invasion driven by a determination to plunder the natural resources of Africa, especially its strategic energy and mineral resources. That’s the message from a damning new report from War On Want ‘The New Colonialism: Britain’sscramble for Africa’s energy and mineral resources’ that highlights the role of the British government in aiding[Read More…]
When I woke up on June 24th and checked the news, I cried. Along with millions of people around the world. I’m a diehard believer in independence, freedom, democracy, and strong local economies. For some, the Brexit result represented those things. If that had been the reality, I would’ve supported it too. But like every other choice offered in the[Read More…]
By pushing austerity and commodification of public services, people are now more economically insecure with less wealth and lower incomes. The response of many is anger. Some protest austerity, others blame people of a different skin color, heritage or ethnicity. The surprise vote in the UK to leave the European Union is the latest, and perhaps the biggest, example of the blowback economic and political elites are getting for their actions.
Implicit in all the rhetoric promoting globalization is the premise that the rest of the world can and should be brought up to the standard of living of the West, and America in particular. For much of the world the American Dream – though a constantly moving target – is globalization’s ultimate endpoint.
Instead of accelerating further integration, the member states should reclaim more sovereignty from Brussels. The EU nomenclature is out of touch with the real world. They do not serve the interest of the peoples but rather corporate interests such as the TTIP negotiations show that are held in camera. If the EU doesn’t change track, it will fall apart.
The policy makers of the developing countries must not fall prey to such deceptive arguments, instead, they must formulate policies which suit the interests of their working classes. The only trouble is that the governments of the Third World are dependent on foreign investment and the global loan sharks, that’s why, they cannot adopt an independent economic and trade policy.
The exit EU referendum needs to be seen in the perspective of the use of EU as a political tool by US. The US has controlled the European continent by NATO; EU which was the result of intra continental economic forces after the Second World War has been now used by USA for its geostrategic gains, when EU ventured into Ukraine not to the liking of the Russia. EU after the vote needs to understand that its illogical arguments against Russian interests have weakened it in final way.
Describing itself as a major ‘global communications, stakeholder engagement and business strategy’ company, APCO Worldwide is a lobby/PR agency with firm links to the Wall Street/corporate America establishment (arguably, part of it) and functions to serve its global agenda. India PM Narendra Modi turned to APCO to help transform his image and turn him into electable pro-corporate PM material. It also helped Modi[Read More…]
Europe is about to faces a series of difficult decisions that will affect its future for years to come. The social contradictions of keeping an expanding globalized economy running, which at the same time disenfranchises millions of workers, are now too obvious to turn a blind eye to. Many efforts towards making a livable European community are in disarray, and most of the benefits accrue to the core EU states of Germany, the UK (for now), and France.
Neoliberalism or free-market fundamentalism The central dogma of neoliberalism is economic growth, achieved by: # Increasing competition through deregulation (watering-down of social, welfare, health, labour and environmental laws), and opening domestic markets to foreign competition, and # Severely limiting the role of the State by privatization of state assets and liberalization of economic policies, simultaneously increasing corporate influence and involvement[Read More…]
The RSS did not participate in the freedom struggle, and that it was responsible for Gandhi’s assassination, are facts that are not new. These arguments have been used repeatedly against the RSS since the Independence of India in 1947. The RSS does not claim a stake in the freedom struggle, but refutes the accusation of being party to Gandhi’s assassination.[Read More…]
The world’s economies are facing a glut and there is excess manufacturing capacity, amounting to almost 30%, and China is no less a culprit with almost 40% overcapacity. The “Johnny-Come-Lately”, India is going to face a stone wall with its efforts to build a huge manufacturing capacity to take on China at this stage. And the trillions of dollars of investment required are supposed to be met through FDI inflows. The first question that stares us in the face is, “who in his right mind will be willing to invest in new manufacturing capacity, when there is so much over capacity coupled with slackening demand?”