The Davos class run our major institutions, know exactly what they want, and are well organized, but they have weaknesses too. For they are wedded to an ideology that isn't working and they have virtually no ideas nor imagination to resolve this.
There are many important factors to consider when speaking broadly of China's role in Africa, and one should avoid falling into the trap of simplistic comparisons with historic African-European relations.
The letter below and updated petition was delivered on 20 March 2008 to World Bank President Zoellick and ICSID General Secretary Ana Palacio and to contacts for ETI and their lawyers, Telefonica, Telecom Italia, World Bank external affairs, and the ICSID secretariat. For background information see Global campaign against anti-democratic investment rules
Civil society organisations meeting in the People’s Social Summit in Lima denounce the recent decision of ETI and Telecom Italia this month to demand that the New York State Court freeze the accounts of the National Telecommunications Company (ENTEL) as part of a strategy of aggression against the government of Bolivia.
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.
Signing international investment treaties, in the hope of attracting foreign investments, has been a central strategy for governments looking to improve economic development. The less known side of this story is that by signing investment treaties, governments are giving away the sovereign right to regulate in the interest of people and the environment. They also expose themselves to the risk of spending millions in law suits that could have been used to serve public needs. It’s time that the dark side of investment is put under the spotlight.
In November 2011, Brussels was the stage for a 'Week of Action' which looked to expose the threat of Bilateral Investment Treaties to democratic governance and public interest and to advocate for an Alternative Investment Regime.
"The financial crisis" is one facet of the systemic and converging crises of capitalism - a predictable symptom of oligopolistic late capitalism; but what main challenges lie ahead for the Left in South Africa?
The U.S. and India should not sign a treaty that will only serve the short-term interests of large corporations, and undermine the authority of governments to protect their people from financial crisis.