This alliance for a binding treaty on Transnational Corporation (TNC's) gathers global networks and alliances including Dismantle Corporate Power Campaign, FIAN, Friends of the Earth International and Transnational Institute, among others, which collectively represent more than 500 groups world-wide who are determined to stop corporate human rights violations.
Why are people around the world reclaiming essential services from private operators and bringing their delivery back into the public sphere? There are many motivations behind (re)municipalisation initiatives: a goal to end private sector abuse or labour violations; a desire to regain control over the local economy and resources; a wish to provide people with affordable services; or an intention to implement ambitious climate strategies.
Not all types of investment are equal in terms of their impact on poverty reduction and development. Through an alarming global tendency, which has governments shaping investment and development policy around the needs of transnational capital, large-scale land deals capturing land and its associated resources are packaged as ‘investments for rural development’. The shift underway in development frameworks is from public sector responsibility for food security towards the private sector as the remedy to hunger and malnutrition, at the expense of the livelihoods, dignity and lifestyle of rural working people, especially poor and marginalised groups. There is a need to ‘reboot’ the debate on agricultural investment, away from the narrow corporate centric perspective, towards investments which best addresses rural poverty and hunger and democratic control of resources – such as public investments and the investments made by small-scale food producers.
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.”