Tag Archives: free trade

HOW IS GLOBAL POLITICAL ACTION ORGANIZED? A LIST FOR YOUR CONSIDERATION

In the age of globalization, there are two distinct ways of giving voice to, and putting a push behind, your political views. One is through the time-honoured rules of national politics – elections, polls, and petitions to government. Many of us have become disillusioned with that way of doing politics, at least in part because corporations don’t play by those rules unless it suits their convenience.
Thanks to a plethora of bilateral and multilateral free trade agreements, and to the ease of communication in the 21st Century, corporations, or anyone that wields serious financial power, can circumvent the old rules, by moving their activities or their money to countries more favourably inclined toward them. However, as I’ve argued in previous posts, the rest of us can play the same game.
We’ve watched as the proposed Multilateral Agreement on Investment (MAI) failed in the face of massive demonstrations. In Europe, after storms of angry public reaction, Shell Oil backed away from plans to sink an oil storage facility into the sea and Monsanto re-thought its venture into genetically modified seeds. Noreena Hertz (cited at the end of an earlier entry) sees this kind of consumer power as a major weapon for ordinary people in countering the excesses of globally mobile corporate and financial power. I have my doubts.

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