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Registered: 12/15/02
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    #1336245 - 02/25/03 11:18 PM (18 years, 6 days ago)

Corporate Globalization Fact Sheet

March 22, 2001 

Global Reach
Fifty-one of the world's top 100 economies are corporations.

Royal Dutch Shell's revenues are greater than Venezuela's Gross Domestic Product. Using this measurement, WalMart is bigger than Indonesia. General Motors is roughly the same size as Ireland, New Zealand and Hungary combined.

There are 63,000 transnational corporations worldwide, with 690,000 foreign affiliates.

Three quarters of all transnational corporations are based in North America, Western Europe and Japan.

Ninety-nine of the 100 largest transnational corporations are from the industrialized countries.

WTO and Global Trade: Who Benefits?
Since it was created in 1995, the WTO has ruled that every environmental policy it has reviewed is an illegal trade barrier that must be eliminated or changed. With one exception, the WTO also has ruled against every health or food safety law it has reviewed.

Nations whose laws were declared trade barriers by the WTO-or that were merely threatened with WTO action-have eliminated or watered down their policies to meet WTO requirements.

Supposedly each of the WTO's 134 member countries have an equal say in governance. In practice, decision-making is dominated by the "Quad": USA; European Union; Japan and Canada.

Each member of the Quad represents its corporations' interests at the WTO. These corporations are often directly involved in writing and shaping WTO rules. In the U.S. this is achieved through official "Trade Advisory Committees" which are dominated by the private sector.

For instance, the US International Trade Administration's Energy Advisory Committee is made up exclusively of representatives of giant oil, mining, gas and utility corporations, including Texaco, Enron, Halliburton and Freeport-McMoran.

The top fifth of the world's people in the richest countries enjoy 82% of the expanding export trade and 68% of foreign investment-the bottom fifth, receive roughly 1%.

Women comprise 70 percent of the world's 1.3 billion absolute poor. Worldwide, they bear the brunt of economic and financial transition and crisis caused by market forces and globalization.

NAFTA & FTAA: Who Benefits?
Seventy-five percent of Mexico's population lives in poverty today, compared with 49 percent in 1981, before Mexico underwent reforms that paved the way for NAFTA-the North American Free Trade Agreement.

The number of Mexicans living in severe poverty (living on less than $2 a day) has grown by four million since NAFTA began in 1994.

NAFTA has generated booming industrial development but little investment in the environment. As a result, environmental pollution and related public health problems have increased on both sides of the US-Mexico border.

In the first four years of NAFTA, 15 wood product companies, including International Paper and Boisie Cascade, set up shop in Mexico, cutting some of North America's largest intact forests.

Hundreds of thousands of US jobs have shifted to Mexico under NAFTA. 260,000 U.S. workers have qualified for a special NAFTA retraining program. Especially hard hit are the apparel and electronics industries, major employers of women and people of color.

The Free Trade Area of the Americas (FTAA), currently being negotiated by 34 countries, is intended by its architects to be the most far-reaching trade agreement in history.

Although it is based on the model of NAFTA, the FTAA goes far beyond it in scope and power, potentially granting unequalled new rights to corporations to compete for and even challenge publicly funded government services, including health care, education, social security, culture and environmental protection.

The World Bank and IMF: Who Benefits?
In the 1980s and early 1990s, the International Monetary Fund imposed structural adjustment programs on more than 70 countries.

Structural adjustment policies have required 36 countries in sub-Saharan Africa-where more than half of the population lives in absolute poverty-to decrease domestic consumption and shift scarce resources into production of cash crops for export; state-owned companies and many state services have been privatized, and health and education expenditures have been cut and restructured.

The absolute number of people living in poverty rose in the 1990s in Eastern Europe, South Asia, Latin America and the Caribbean, and sub-Saharan Africa-all areas that came under the sway of adjustment programs.

Structural adjustment policies have elicited massive protests in countries as far flung as Ecuador, Zambia, the Philippines and Jamaica.

In 2000 a bipartisan Congressional panel-the Meltzer Commission-found that World Bank Group and IMF failures can be traced to "overlapping missions, ineffectiveness, corruption, and waste of resources, and failure to develop successful regional programs in agriculture, forestry, environment and health care," among other problems.

Each year, the World Bank awards some 40,000 contracts to private firms.

US Treasury Department calculates that for every US$1 the U.S. contributes to international development banks, US corporations receive more than double that amount in bank-financed procurement contracts.

The World Bank has an astounding 65-70 per cent failure rate of its projects in the poorest countries.

here is somthing just as sick, where I live right now we have one of these cocksuckers in office :mad:

The main points of neo-liberalism include:

THE RULE OF THE MARKET. Liberating "free" enterprise or private enterprise from any bonds imposed by the government (the state) no matter how much social damage this causes. Greater openness to international trade and investment, as in NAFTA. Reduce wages by de-unionizing workers and eliminating workers' rights that had been won over many years of struggle. No more price controls. All in all, total freedom of movement for capital, goods and services. To convince us this is good for us, they say "an unregulated market is the best way to increase economic growth, which will ultimately benefit everyone." It's like Reagan's "supply-side" and "trickle-down" economics -- but somehow the wealth didn't trickle down very much.

CUTTING PUBLIC EXPENDITURE FOR SOCIAL SERVICES like education and health care. REDUCING THE SAFETY-NET FOR THE POOR, and even maintenance of roads, bridges, water supply -- again in the name of reducing government's role. Of course, they don't oppose government subsidies and tax benefits for business.

DEREGULATION. Reduce government regulation of everything that could diminsh profits, including protecting the environmentand safety on the job.

PRIVATIZATION. Sell state-owned enterprises, goods and services to private investors. This includes banks, key industries, railroads, toll highways, electricity, schools, hospitals and even fresh water. Although usually done in the name of greater efficiency, which is often needed, privatization has mainly had the effect of concentrating wealth even more in a few hands and making the public pay even more for its needs.

ELIMINATING THE CONCEPT OF "THE PUBLIC GOOD" or "COMMUNITY" and replacing it with "individual responsibility." Pressuring the poorest people in a society to find solutions to their lack of health care, education and social security all by themselves -- then blaming them, if they fail, as "lazy."

Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF), the World Bank and the Inter-American Development Bank. It is raging all over Latin America. The first clear example of neo-liberalism at work came in Chile (with thanks to University of Chicago economist Milton Friedman), after the CIA-supported coup against the popularly elected Allende regime in 1973. Other countries followed, with some of the worst effects in Mexico where wages declined 40 to 50% in the first year of NAFTA while the cost of living rose by 80%. Over 20,000 small and medium businesses have failed and more than 1,000 state-owned enterprises have been privatized in Mexico. As one scholar said, "Neoliberalism means the neo-colonization of Latin America."

In the United States neo-liberalism is destroying welfare programs; attacking the rights of labor (including all immigrant workers); and cutbacking social programs. The Republican "Contract" on America is pure neo-liberalism. Its supporters are working hard to deny protection to children, youth, women, the planet itself -- and trying to trick us into acceptance by saying this will "get government off my back." The beneficiaries of neo-liberalism are a minority of the world's people. For the vast majority it brings even more suffering than before: suffering without the small, hard-won gains of the last 60 years, suffering without end.

Elizabeth Martinez is a longtime civil rights activist and author of several books, including "500 Years of Chicano History in Photographs."

Arnoldo Garcia is a member of the Oakland-based Comite Emiliano Zapata, affiliated to the National Commission for Democracy in Mexico.

Both writers attended the Intercontinental Encounter for Humanity and against Neoliberalism, held July 27 - August 3,1996, in La Realidad, Chiapas.



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Re: Sickness!!!!!!!!!!!!! [Re: Psilocybeingzz]
    #1336369 - 02/26/03 01:03 AM (18 years, 6 days ago)



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