The fallout from the current phase of capitalism has become more manifest globally in 2016, provoking unexpected political responses. However, the people most severely impacted by the current economic crisis have largely chosen to support political figures and positions[i] contrary to those that have been elaborated for years by the alter-globalisation left, also known as the global justice movement.
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.
Sol Trumbo Vila, Attac, Andy Storey, Alexandra Strickner, Steffen Stierle
25 June 2014
The Competitiveness Pact is the final stage of the new EU economic governance architecture. In this primer, we expose the myths and reality surrounding competitiveness – and what it really means for the lives of Europeans.
In recent years Africa has experienced waves of new investment, particularly in mining, energy and agriculture, and has seen elevated commodity exports. These flows are tantamount to a new scramble, creating wealth for foreign direct investors, some local entrepreneurs and a growing comprador class. Resources are typically exploited without raising the living standards of the people and at significant environmental cost. On the ground this has engendered significant resistance. The new scramble is a modification of traditional imperialist relationships which Africa experienced with former occupying colonial powers. But how do we understand the differences between the old and new scrambles? Who ultimately holds the power?
Transnational corporations, particularly gas & oil industry, and banking have continued to benefit extraordinarily from the ongoing economic and financial crisis, says Brid Brennan, who presents TNI's State of Power Report 2014 at the Public Eye Awards in Davos.
In its third annual ‘State of Power’ report, TNI uses vibrant infographics and penetrating essays to expose and analyse the principal power-brokers that have caused financial, economic, social and ecological crises worldwide.
Who are the global 1%? What companies do they run? How do they escape accountability? Check out TNI's powerful infographic displays that expose the social and environmental costs of global corporate power.