Telecom Italia's case against Bolivia at a secretive World Bank tribunal, ICSID, heralds an increasingly pro-corporate approach against southern countries under the aegis of the EU's Global Europe project.
The new Nano from Tata Motors will set a trend under which industry will rush to produce ultra-cheap cars by exploiting India’s poor emission standards.
There have been two reactions to the unveiling of the Tata Nano. The first is euphoria and exultation over this ultra-cheap “people’s car”. This regards the vehicle as a “historic breakthrough” which makes “every Indian inches taller” and can unleash a “democratic revolution” by meeting mass aspirations.
The $2,500 Nano from Tata Motors - India's steel and engineering giant - may turn out to be an ecological nightmare and a major health risk, writes Praful Bidwai.
Nothing has generated as much hyperbole in the global automobile industry in recent years as the unveiling last week of an ultra-cheap bare-bones car made by the Tatas, India's steel and engineering giant.
Priced at US$2,500, the Nano is arguably the world's cheapest four-wheeled passenger vehicle.
“Some multinational companies take over our natural resources, privatize basic services, fail to pay taxes and then, when they have no arguments in their defense, they go to the so-called ICSID. And then, in that World Bank tribunal, no country wins against the multinationals. So why do we need an ICSID where only the multinational companies can win?” – President Evo Morales of Bolivia
Another World Bank/Multinational Attack on Bolivia – Stop ICISD and Telecom Italia
Once again, Bolivia is under attack by multinationals and the World Bank.