2018/09/10: so far there’s no sign of a wide-spread shift toward restraints on child labor, better pay or safer working conditions. One reason for this is that new international trade pacts, such as GATT and NAFTA, make it difficult to enact sanctions against countries that permit labor abuses. And another reason is the obvious one: these cheap labor pools are enormously profitable for American corporations.
The consequences of the new global trade reach far beyond the wretched conditions inside the factories themselves. Environmental degradation is a hidden externality of the shift in industrial production from developed countries to Latin America and Southeast Asia. The new plants consume enormous amounts of energy in areas where power supplies have been primitive in the past. To meet the increased demand, Indonesia and Mexico have begun constructing huge coal-fired power plants, posing a grave threat to air quality in places like Jakarta and Mexico City. Similarly, China is in the midst of building dozens of new coal-fired plants that will emit thousands of tons of greenhouse gases each year, a dangerous contribution to global warming trends. But China also has more monumental ambitions: the Three Gorges hydroelectric dam.
2018/07/22: Of the world’s 100 largest economies, 69 are transnational businesses. How can we control—and ultimately transform them?
Changes in our personal consumption patterns are important, but are ultimately inconsequential compared with the impact of the transnationals that have come to dominate our global economic and political system.
countries and cities compete with each other to beg their corporate overlords for investment dollars, even it means undermining public services and legal protections for their own populations.
Tax stock trades based on the length of the holding period:
- 10% if the stock is held less than a day
- 5% if less than a year
- 3% if less than 10 years
- 1% if less than 20 years
- Zero if more than 20 years
The effects of this single step would be enormous. The financial services industry would be transformed overnight. High frequency stock trading and same-day traders would disappear.
WELCOME to Connected Rights, your breach in the hull of digital rights news and analysis. MARK ZUCKERBERG'S APPEARANCE BEFORE EUROPEAN PARLIAMENT LEADERS yesterday was an absolute farce. With the world's attention trained on them, the MEPs spent an hour grandstanding, landing all the predicted blows but at excessive length - the meeting was only supposed to
A respected human-rights expert at the United Nations, Alfred-Maurice de Zayas, has joined the global movement opposing trade treaties like TPP and TTIP. And he has novel and powerful legal arguments. In international law, de Zayas says, there is a hierarchy of agreements, and at the top is the UN Charter: "in case of conflict
L'alba del giorno dopo a Zurigo è un camion della nettezza urbana che in un irreale silenzio raccoglie rifiuti, l'immagine delle macerie lasciate dalla più grande inchiesta che ha scosso le fondamenta del calcio mondiale. Ancora una volta la Svizzera scopre che i suoi forzieri sono insanguinati: centinaia di milioni di dollari che transitano in
The promised returns from globalization just aren't there: poor countries don't have as much to spend, corrupt governments undermine foreign multinationals, domestic rivals hack trade secrets out of multinationals foreign offices and doing business all over the world is complicated and expensive. Even giants like GM, the biggest bettors on globalization, aren't getting the returns
Artificial intelligence is the future, but are computers ready to take a seat at the board?
Si chiama Source International, e non ha neanche una sede vera e propria. Ma grazie alla scienza ottiene risarcimenti milionari e fa cambiare le...
After years of work by scientific public interest organizations such as Center for Food Saf...
Today two key committees of the European Parliament voted in favour of creating public registries of who ultimately owns and controls companies and trusts registered in the EU, in a move welcomed by Global Witness.
We live in the age of cryptocurrency heists, Chinese moon landings, eco-disasters and electronic cigarettes. Sounds like something out of a cyberpunk novel. Well, a cyberpunk novel without the brain implants, but don't worry, those are coming, too. But one big cyberpunk theme that hasn'
This post was jointly written by Jonathan Gray (@jwyg), Director of Policy and Ideas at the Open Knowledge Foundation and Tony Hirst (@psychemedia), Data Storyteller at the Open Knowledge Foundatio
An interesting report on the evolution of labor under 'digital capitalism': * Report: The Rise of the Micro-Multinational: How Freelancers and Technology-Savvy Start-Ups Are Driving Growth, Jobs and Innovation. By Ann Mettler and Anthony D. Williams. Lisbon Council Policy Brief, 2013. Here is the summary: "This policy brief is divided into four parts. Part one... Continue reading ...
Graphic pictures of South African police firing at striking black workers protesting for a living wage at the Lonmin platinum mine last week is a tragic reminder of Africa's neo-colonial past, that never
How online protesters are using 'gripe site' as the focus for their complaints about big business. By Russell Hotten