Website review: Mittals message: No business as us...
laodan discovered this in Business
•1 reviews since Jun 26, 2006
globalization
•iht.com/articles/2006/06/26/yourmoney/mittal....
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laodan discovered 26 months ago
Growing nervousness in the West that competition will erode a cherished way of life The awakening, if awakening there really is, comes very late. Globalization has been devised in the seventies in the meetings of the Trilateral Commission. The US and EU big capital holders were mobilizing the entire Western establishment in order to impose reform policies that would facilitate the expansion of their "market access" through "free trade" policies. The WTO served as the regulatory instrument of those policies. Tens of thousand of pages of regulations have been written by the bureaucrats of the WTO under the supervision of the Trilateral Commission but far away of any democratic supervision, I mean by the people... The same has been going on within the old national borders where the tenets of the "free market" have been applied eroding the social gains realized democratically over the past hundred years. Now Western big capital holders are awakening and their reactions have been uggly lately... That's the least one can say. in The Int'l Herald Tribune by Anand Giridharadas. """ For Lakshmi Mittal, the Indian-born steel magnate, the deal to acquire Arcelor caps decades of effort to rise from obscurity to build a global steel conglomerate. But the accord, reached Sunday, was more than a personal success. As the drama unfolded, it evolved into a clash between two forces shaping the world economy: the ascent of India and China as sources not only of low- cost labor but also of new business models; and growing nervousness in the West that competition will erode a cherished way of life. """ URL: Growing nervousness in the West that competition will erode a cherished way of life
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