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Jul. 5th, 2001 | 10:52 am

There's a positive side to globalization.

According to this Mother Jones editorial the EU is pushing for several progressive causes through economic sanctions.

I think I remember the original push for globalization with to connect the economies of the world together to prevent another world war. If I need you to survive I can't very well try and destroy your country. Unfortunately the way this was implemented ended up transferring too much power to the megacorps.

So a good open question is how to support useful interdependence without exploitation. (Or perhaps is interdependence a good thing?)

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from: chicagorose
date: Jul. 8th, 2001 11:42 am (UTC)

I think the institutionalization of NGOs into the WTO agenda will indeed work over time to get alternative and more humane points of view in trade.

I have really struggled with this whole issue, for I do believe that the international corporations have too mych power, or at least not enough checks on their power. All of my education, however, leads me to believe that inter-locking trade gives rise to anti-war constituencies against trading partners.

One interesting development is that the EU turned down the GE - Honeywell merger. Even though both corporations are US entities, the EU claimed jurisdiction over any merger where the EU-revenues would be in excess of a certain monetary figure. If GE opted to ignore the EU's opposition, they would have faced a ban on sales in the whole area.

If additional WTO countries claim this jurisdictional right, AND if trade grows, the unilateral power of the big corporations would be held to account under increasingly international ethics.

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Diane Trout

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from: alienghic
date: Jul. 9th, 2001 07:02 pm (UTC)

As soon as I read your comment it reminded me of one of my american government classes.

"The archtects of the constitution didn't trust government so they provided an interlocking set of checks and balances."

Hmm... So we need a planetary constitutional convention to provide checks and balances between governments, people, and corporations.

The EU is really impressing me these days, they're far better at controlling big business, have far better environmental laws, and are concerned about the global effects of modern human life.

Kinda makes me wish I was european.

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