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Sep 9, 2006 10:05:00 AM
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Thenmozhi Soundararajan: I think every time that I hear economic globalization, that to me doesn’t actually sound like a phrase that I know of what’s operating in our current political times. What I see is corporate globalization, and under corporate globalization in no way do I see the development or the promotion of democracy within that. I think one of the things that’s kind of the hallmarks of corporate globalization is that we see more and more multilateral institutions, like the International Monetary Fund and the World Trade Organization, create agreements that actually remove power from the nation-state where we as citizens have the ability to be able to engage and hold corporations accountable to a process where corporations have basically no accountability whatsoever. And even within a nation-state, like say from within the United States, when you look at corporate accountability you can see how much corporate money subverts democracy by looking at the amount of money that goes into elections.
So like with the Unites States, the U.S. Top 200 corporations donated per in the 2000 elections over $33 million in the candidate that they wanted to lobby and win and that they outspent labor unions 15:1. But even within that context, when you look at like the lack of government and corporate control by governments, if we actually had a real democracy that wasn’t supported by corporate interests, we’d be able to know a lot of things about corporations, and we know very little. But some level of corporate accountability would include a breakdown of their employees by country, the level of toxic emissions that they have at overseas plants, locations of overseas plants or contractors so at least there could be some sort of public oversight, what are the wage rates and the layoffs and the reasons of layoff.
Those are just some even clear checks and balances we could have around corporations that we don’t have. I think that’s one of the critical ways that we see corporations subverting democracy, and I think that’s inevitable under the current state of corporate globalization. There is, however, an alternative of a people-led grass root resistance to that globalization and there’s that globalization of resistance. I think one of the things that’s critical that people are asking for is more accountability and a greater sense of oversight over corporations. I think that’s one powerful step that we can make to relieve ourselves of the brand hegemony.
by Thenmozhi Soundararajan
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