Markus Giesler reports on the media reception to his eight year ethnographic and institutional study on the World Economic Forum that provides empirical evidence that Davos is not "improving the state of the world."
This infographic illustrates some dimensions about why we believe the World Economic Forum is fundamentally about increasing corporate profits and rewarding political elites rather than “improving the state of the world.” It is an undemocratic, unaccountable and illegitimate institution that, far from improving the world, has over decades reinforced the global crisis of inequality, poverty, and environmental destruction.
The annual gathering in Davos has certainly cemented the power of a tiny global elite, but its real power has been as a spawning ground for neoliberalism's major advances - the rise of the financial sector, the spread of corporate trade agreements and the integration of emerging economic powers into the global economy.
TNI hosted the International Network for the Abolition of Foreign Bases in the early 2000s until funding ran out. However movements against foreign bases around the world continue to actively resist the occupation of their lands. This collection archives some relevant research and materials.
The Transatlantic Trade and Investment Partnership (TTIP) is a proposed free trade agreement, in negotiation, between the United States and the European Union. Its proponents claim that the agreement will benefit consumers with lower prices, increased competition and more jobs.
However, very little of the TTIP deals with trade; the vast majority of the agreement relates to government regulations and will therefore have huge implications in matters such as food sovereignty, digital rights and the environment. It will limit the capacity of governments and local groups to regulate and increase the capacity of transnational corporations to act with impunity. TNI’s focus for TTIP and other free trade agreements is on the investment chapter, and particularly the problems caused by Investor-State Dispute Settlement (ISDS) mechanisms that allow corporations to sue governments for actions that affect their profits.
The UN has held almost annual climate talks since the UN Framework Convention on Climate Change was signed in 1992, however these have failed to deliver the radical and justly-distributed emission cuts that are required largely due to the failure of industrialised nations to accept their historic responsibility, the corporate capture of the talks by fossil-fuel interests, and the false market-based solutions pursued by many nations.