Category Archives: Globalization

Tiny Maine Against Tax-Dodging Multinationals

While Congress cowers before multinationals’ lobbyists and moves to re-enact loopholes that let corporations like GE and Apple hide their income from the IRS, the Maine Legislature decided it had had enough.

USTR Froman’s Attack on Japan Set TransPacific Partnership Negotiations Back Further

In case you missed it, on Wednesday the US Trade Representative Michael Froman attacked Japan in front of Congress for undermining the TransPacific Partnership via refusing to give much ground on protection of its agricultural sector. So how are the Japanese responding to this US sniping?

Satyajit Das: The New Colonialism – Businesses Refuse Spend a Few Cents More Per Garment to End Labor Exploitation in Emerging Markets

Yves here. Das wrote this post to commemorate the anniversary of the collapse of Rana Plaza in Bangladesh, which killed over 1100 garment workers.

Cokie Roberts Picked a Fight With Alan Grayson on the TransPacific Partnership. Guess Who Won?

I’m clearly too feral to have the proper responses, but I’ve long considered Cokie Roberts to be too lightweight to be worth paying attention to. But since lightweight goes over well in many parts of America, Cokie still has a large following. And it’s separately worth paying attention to a fight she picked over Obama’s stalled trade deal, the TransPacific Partnership. The fact that people with popular followings are still defending it says the Administration remains keen to revive it, so opponents need to guard against becoming too complacent.

Countries Rejecting Trade Deal Provisions that Let Investors Override National Regulation

This is a welcome bit of good news. Countries are finally standing up for the rule of law over rule by multinational corporation.

New Study Shows Dangers of Trade Agreements that Help Corporations Sue Governments

As the Obama administration negotiates new trade agreements with European and Pacific nations, a battle has emerged over the agreements’ egregious rules that grant giant corporations unreasonable powers to subvert democracy. These rules, dubbed “investor rights” by the corporations, allow firms to sue governments over actions—including public interest regulations—that reduce the value of their investments.

Oxfam, the Institute for Policy Studies, and four other non-profits are releasing a new study that explains why these rules are so dangerous to democracy and the environment. We are among the co-authors of this study, titled “Debunking Eight Falsehoods by Pacific Rim Mining/OceanaGold in El Salvador.” The report offers a powerful case study of everything that is wrong with this corporate assault on democracy.

The TPP Tries to Put a “No Exit” Sign on America’s Crapified Health Care System by Allowing Medical Procedures to be Patented World-wide

Under TPP, patent trolls will do for medical care, world-wide, what they’ve done for the software industry: Increase costs and cream off profits.

Trans-Pacific Partnership Reveals Deadly Cost of American Patents

How debates over the TPP overseas show how extortionate the US pharmaceuticals regime really is.

Even the Chinese Can Tell the TransPacific Partnership is Unlikely to Get Done

You know it’s bad when parties who aren’t at the negotiating table can tell a deal is going pear-shaped.

Is Japan Playing Ball with the US on the TransPacific Partnership?

Earlier this week, the Nikkei Asian Review published At odds with US, Japan reaches out to other TPP partners. The title would lead you to believe Japan is working with other countries to strengthen opposition to the toxic, mislabeled trade deal known as the TransPacific Partnership.

The text of the article suggests otherwise, that Japan’s prime minister Abe will feel compelled to offer some concessions when Obama visits next month. On the surface, that would represent a significant shift.

Matt Stoller: The Hippie Peaceniks Behind Corporate Global Trade Agreements

Yves here. Among other things, this post shows what passes for analysis among elite technocrats.

Don Quijones: Corporate Colonialism – Winners and Losers of Global ‘Free’ Trade

I think of globalisation as a light which shines brighter and brighter on a few people, and the rest are in darkness, wiped out

Wage Shares Fall in the US, Germany and Many Other Countries While Financial Shocks Hit Emerging Economies

ves here. This Real News Network interview with Yilmaz Akyuz, formerly the Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development (UNCTAD), describes how the problems that produced the financial crisis have morphed into new, no less troubling problems. One key part of this discussion focuses on how China has adapted to its considerably smaller trade surplus, and why having Germany as the new excessive exporter poses new perils to the global economy.

Matt Stoller: “Free Trade” Pacts Were Always About Weakening Nation-States to Promote Rule by Multinationals

Yves here. I hope those of you who are in countries being browbeaten to sign the Trans-Pacific Partnership or the TransAtlantic Trade and Investment Partnership will circulate this post widely.