As the world's most powerful corporate leaders and richest individuals gather at the exclusive World Economic Forum in Davos, TNI offers a visual insight into who is dominating the planet at a time of systemic economic and ecological crisis.
As the Social Movements Assembly of the World Social Forum of Tunisia, 2013, we are gathered here to affirm the fundamental contribution of peoples of Maghreb-Mashrek (from North Africa to the Middle East), in the construction of human civilization.
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.
One of the most impacting meetings took place Thursday, when more than 100 people filled a lecture hall, organized by the coalition Stop Corporate Impunity, to hear an array of speakers on a panel called “Confronting the Power of Transnational Corporations and Unpacking the Global Investment, Trade and Financial Regimes.”
The impunity of Transnational Corporations for human rights violations globally and the need for Binding Regulation on TNC operations emerged as a core agenda at the Vienna + 20 Civil Society Conference held in Vienna from 25-26 June 2013.
Twenty country members of the United Nations Human Rights Council, representing a population of 3.8 billion people, voted today in favour of a historic resolution to build a binding treaty against TNC human rights abuses.
This study analyses existing legal means of holding European transnational companies liable for extraterritorial human rights violations. The authors examine four representative legal cases against European companies in Latin America that revolve around problems typical in the region.
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.
Observatory on Debt in Globalisation (ODG), Transnational Institute (TNI), Mónica Vargas, Brid Brennan
24 June 2013
Forty years after Salvador Allende denounced corporate power at the United Nations General Assembly (December 1972), millions of people all over the world are involved in struggles against the human rights violations and the social and environmental injustice generated by transnational corporations.
Davos, perhaps more than any other gathering, epitomises the way political power and global governance have in recent decades been entrenched into a small corporate elite. This elite have succeeded not only in capturing our economy, but also our politics, and increasingly our culture and society too.