Washington-style practices of corporate lobbying have crept up on New Delhi politics, subverting the policy-making process to meet the profit imperatives of private corporations. The new trend of corporate lobbying in India presents a real and serious threat to democracy.
After a brief period of destabilisation, self-justification and the occasional mea culpa, the very people and institutions that plunged the world into crisis have re-emerged unscathed, as the fount of truth and all reasonable policy.
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.
The structural adjustment policies of the Bretton Woods Institutions [the World Bank and the IMF] have for decades caused untold harm to people and nature. Their implicit or explicit cooperation with the TNCs cannot be denied. For all these reasons, we demand that European governments take responsibility for their corporations and cease their support for their predatory activities in Latin America.
The United Kingdom is home to a particularly influential services industry lobby, which operates through an organisation called International Financial Services, London (IFSL). Two IFSL working groups, the Liberalisation of Trade in Services (LOTIS) Committee and the High-Level LOTIS Group, constitute a veritable corporate-state alliance.