The WTO's General Agreement on Trade in Services (the "GATS") has very much underpinned expansion without regulation and supervision, so the financial corporations had the guarantee that their expansion would be underpinned. But financial services are not the same as other services – they need special supervisory structures.
The international free trade and investment policies and the related WTO agreements played a major role in undermining so many developing countries' economies. The proponents of tese policies, including the EU, are now urging the govenrments of the world to end their resistance to such policies within the WTO.
"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
Susan spoke at length on France Culture talking about the converging economic, social and environmental crises of globalization, and what alternatives exist to the current state of affairs. Susan's new book Their Crisis, Our Solutions has just been published in French (Leurs Crises, Nos Solutions) and Spanish (Sui Crisis, Nuestra Soluciones), and is due out in English in September.
Despite the bailouts and the hype - nothing significant has actually changed in the financial industry; and the crisis in Europe remains. Susan talks about what still must be done to prevent further economic crises in Europe, stabilise, and green the economy.
Around the world, citizens have been mobilizing to defend their environment and economic sovereignty from transnational corporations, but there is another threat lurking in the shadows that can ride roughshod over our rights. A video of the Network for Justice in Global Investment in collaboration with the Transnational Institute.
Good news for Susan George fans: Her new political satire, “How to win the Class War”, is about to be published. In part one of this exclusive video interview, Susan George talks about the story behind the sequel to The Lugano Report.
In the second video interview for the launch of How to Win the Class War, Susan George says her new book will help readers understand how neoliberalism unexpectedly triumphed in the aftermath of the global financial crisis.
In episode three of this interview series, Susan George explains how she managed to write How to win the Class War - The Lugano Report II from the perspective of the very people she opposed all her life, the 'Davos Class'.
As member of the Malaysian Parliament, Charles Santiago has been actively engaged in the struggles against the EU-ASEAN free trade agreement, arguing that it undermines people and government’s rights and sovereignty. Today, he explains us why the candidates to the European Parliament have the responsability to take a position.