img1 img2
logo
img3 img4
 

Articles

The number of countries experiencing physical violence and threats against workers has risen by 10 percent in just one year, according to the annual ITUC Global Rights Index. Attacks on union members have been documented in fifty-nine countries, fuelling growing anxiety about jobs and wages.
 
The report shows that corporate interests are being put ahead of the interests of working people in the global economy, with 60 per cent of countries excluding whole categories of workers from labour law.

 

This Monday, the committee on economic and monetary affairs (ECON) as
well as the legal affairs committee (JURI) of the European Parliament
voted on new tax transparency rules for transnational companies. The
Commission suggested that transnational companies are required to
publish key tax data on a country-by-country basis for the EU-28 as
well as for countries blacklisted as tax havens. Data for other third
countries should only be reported on an aggregated level. The text
adopted today significantly improves the Commission proposal and brings
more transparency (1). The Greens/EFA group would have favoured
stricter rules than adopted in committee today. Therefore, we insisted
on a plenary vote on the negotiation mandate of the European Parliament
for the upcoming trialogue. MEP Sven Giegold, financial and economic
policy spokesperson of the Greens/EFA group commented:

Tax havens are “one of the worst enemies of our democracies,” said state representatives during a meeting at the United Nations.

Due to concerns over the impacts of illicit financial flows, the Missions of Ecuador, South Africa, and India convened an informal workshop to discuss the issue and potential solutions.

“Tax revenues are said to be the lifeblood of a state. With integration of economies in a globalized world, actions taken on taxation in one country affect practically everybody within borders and across borders,” said Permanent Representative of India to the UN Syed Akbaruddin, adding that the trends in illicit financial flows are alarming.

On Monday-Tuesday next week, Berlin will host the G20 finance ministers’ negotiations with African elites led by a South African, Malusi Gigaba. Is this the next neo-colonial defeat for the continent, harking back to another process 132 years ago?
From November 1884 to March 1885, fourteen European powers met in Berlin to discuss the division of European imperial interests on the African continent. The outcome of this negotiation process by the European powers was the General Act of the Berlin Conference. This provided an international legal framework for the formal annexation of African territories in furtherance of European capitalist interest.


Through European imperial control, the ruling oligarchs and elites were able, as Walter Rodney observed, “to underdevelop Africa.” Their work led to extreme fragmentation that makes it difficult to solve durable problems including climate change, acute poverty, economic dependency, violent conflict, chronic hunger and general lack of basic social services such as education, health and social infrastructure.


Now, 132 years after Berlin, the leaders of the Group of Twenty (G20), 19 leading economic countries plus the European Union, meet at another German City, Hamburg on 7-8 July 2017, following next week’s Berlin meeting of financial officials. Key on the agenda of the G20 leaders is its partnership with Africa as contained in a blueprint titled, Compact with Africa (CWA).

INEQUALITY HAS BEEN A CHOICE. GLOBALIZATION THRIVES ON EXISTING INEQUALITIES. (Joseph Stiglitz)

-Bernie Sanders put it best: “We not only have massive wealth and income inequality, but a power structure that protects that inequality”.

-The main driver of inequality is corporate-driven globalization.
-Better machines, better technologies do not produce better wo/men. We cannot become a society in which a knowledge aristocracy will dominate an every-day-less-informed-social-mass. This will only deepen economic inequality. (Rosa Luxemburg)
-Difference Yes, Inequality No! Plurality is the essence of life. (Slogan of the recent 12th Congresso de la Redeunida, held in Campo Grande, Mato Grosso do Sul, Brasil)

Subcategories

Focus on
Search
Interesting links
Follow me
facebook twitter rss