OBAMA + GOP = TRADE DEALS = CORPORATIONS GIVEN POWER OVER NATIONS:
TPP = MULTINATIONALS WRAP NATIONS IN A STRANGLE HOLD WITH DEAL!
Globalization = Weakened bargaining position of relatively immobile labor = sub $1/hr
Globalization = Labor income as % of manufacturing output fell Dramatically
Globalization = Capital Flows made countries more vulnerable to economic and financial shocks, causing lower growth and employment, hurting the poor. UNDP Study
Globalization = Drives up inequality
WORLD BANK CURES FOR Globalization = Stop tax evasion + More progressive income tax Policies + Incentives for investment + Cash transfers + Credits for small businesses + Expansion of public investment + Expansion of safety nets = REPAIR TENDENCY FOR WEALTH GOING TO THE TOP 1%
CURES FOR Globalization = Redistributing Wealth and Income such as land or assets + Nationalizations have reduced extreme inequality successfully.
CURES FOR Globalization = Modify Process of Globalization + Regulation of speculative financial markets
CURES FOR Globalization = “Deglobalization” = Walden Bello – Focus on the Global South in response to the Asian financial crisis of 1997.
World Bank = Clearly states measures to reduce inequality MUST not affect “free trade.”
International financial institutions = Ignore structural causes of inequality = World Bank
International financial institutions = Fight measures to combat inequality = FAKE new name: “inclusive growth” = SAME OLD TRICKLE DOWN-GLOBALIZATION-JOB CREATE LIES
De-globalization = Process of restructuring world economic and political system to build the capacity of local and national economies instead of exploiting them for GAINS.
De-globalization = Transformation of a global economy from “one integrated around transnational corporations to one integrated around the needs of peoples, nations and communities.” = ENDS “one size fits all” neoliberalism or bureaucratic socialism. = Diversity and competition are expected and encouraged = Like nature.
De-globalization = Reorient national economies away from export production and toward production for the local market to fulfill basic human needs, relying primarily on domestic resources and employing technologies that enhance rather than destroy the community, the environment and life itself.
De-globalization = Redistribute the sources of income and wealth such as land, ensuring domestic control over key sectors of the economy and promoting community access to basic services like water, health care and education.
De-globalization = Provide more resources to rural areas to halt the migrations that increase inequality and rob local communities through resource grabbing.
De-globalization = Expand public services in rural areas and implement tools to boost food sovereignty for all communities.
De-globalization = De-emphasise economic growth based on the recognition that this growth has limits.
De-globalization = Maximize equity of OPPORTUNITY without breaking the vital cycles of nature (Diversity and competition) and overshooting carrying capacity of the Earth.
De-globalization = Make strategic economic decisions subject to participatory democracy rather than “Free Market”
De-globalization = Debate can build a viable alternatives to the flawed system we have today = Explosive inequality caused by exploitation be 85 PEOPLE!