Posts Tagged ‘International Organizations’

The trouble with internationalism

May 29, 2014

I would like to see a world at peace, and I would like to see international institutions capable of settling disputes and addressing global problems such as climate change and nuclear arms.   Unfortunately these are not the kinds of international institutions that we the people are being asked to support.

Foreign Currency ExchangeThe most powerful global organizations, with the possible exception of the Roman Catholic church, are international banks and corporations.  International institutions such as the World Trade Organization, the International Monetary Fund and the European Central Bank enforce rules that serve the interests of banks and corporations.

The proposed Trans Pacific Partnership Agreement and similar proposals would give the world’s corporate and financial elite new tools for enforcing their agendas.  While there is urgent need for international agreement and institutions to deal with climate change, TPP-type agreements actually would give corporations the right to appeal national laws and local rules aimed at limiting greenhouse gasses.

What makes the banks and corporations powerful is that money can go anywhere while most people are stuck where they are. Migrant money is treated with deference.  Migrant Mexicans in the United States, migrant Uzbeks and Kazakhs in Russia, and migrant Filipinos in the Persian are treated like dirt.

The European Union’s current austerity program is an example.  The well-being of Europe’s people is being sacrificed to ensure that Europe’s banks never suffer losses.   I’d guess this is the main reason for the success of Europe’s nationalist right-wing parties in the recent elections to the European Parliament.

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