The first anniversary of Lehman Brothers’ collapse and last week’s meeting of the G20 countries have provoked numerous reflections on the causes and possible solutions to the current financial and economic mess. The problem is that the majority of these deal with cosmetic rather than the profound changes needed to get the global economy back on track.
The time has come to unite the hundreds of struggles, campaigns, networks, movements and organizations that are combating the different ways transnational corporations are appropriating our destinies, natural heritage and rights in every corner of the planet.
The massive concentration and growth of corporate power poses a major threat to what remains of public services, highlighting the ever-deepening crisis of democracy, and the urgent need for people to reclaim the state.
Despite the track record of systemic and systematic violations of the range of human rights, the efforts to establish legally binding obligations and an instrument of enforcement within the UN system have been defeated by determined corporate opposition. The current Guiding Principles developed by the former Special Representative of the UN Secretary General, John Ruggie, do not create "any new international legal obligations" and are therefore non-binding.
Mayo Fuster Morell, responsible for BarCola, a group working on collaborative economy policies in Barcelona, shares her thoughts and experiences on how commons-based forms of collaboration can build a more just society.
Pauline Tiffen (TNI Board member), Editor -in-Chief of the Journal of Fair Trade, and a pioneer of the movement, explains the rationale for launching the Fair Trade Society - a worldwide membership organisation which owns the Journal of Fair Trade. She describes the complex but impactful story of the Fair Trade movement so far, while laying out the challenges we face, the relevance of Fair Trade and aspirations we should have for a fairer and environmentally safe global economy.
On June 26, 2014, under the leadership of Ecuador and South Africa, the UN Human Rights Council passed landmark resolution 26/9,2 establishing an open-ended inter - governmental working group (IGWG)3 that is mandated to elaborate an international legally binding instrument on transnational corporations (TNCs) and other business enterprises with respect to human rights (hereinafter, the Treaty). It was a tight vote: the resolution was supported by 20 states, mainly from Africa and Asia, and opposed by 14, including the United States and the European Union, with 13 abstentions. The resolution strikes a nerve — and there is much expectation around it.