Category Archives: Corporate globalization

Western oil firms remain as US exits Iraq | Aljazeera

While the US military has formally ended its occupation of Iraq, some of the largest western oil companies, ExxonMobil, BP and Shell, remain.

On November 27, 38 months after Royal Dutch Shell announced its pursuit of a massive gas deal in southern Iraq, the oil giant had its contract signed for a $17bn flared gas deal. Three days later, the US-based energy firm Emerson submitted a bid for a contract to operate at Iraq’s giant Zubair oil field, which reportedly holds some eight million barrels of oil. Continue reading…

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Filed under Corporate globalization, Oil gas and coal, War

Willie Nelson: Occupy the Food System | Huffington Post.com

Thanks to the Occupy Wall Street movement, there’s a deeper understanding about the power that corporations wield over the great majority of us. It’s not just in the financial sector, but in all facets of our lives. The disparity between the top 1 percent and everyone else has been laid bare — there’s no more denying that those at the top get their share at the expense of the 99 percent. Lobbyists, loopholes, tax breaks… how can ordinary folks expect a fair shake? No one knows this better than family farmers, whose struggle to make a living on the land has gotten far more difficult since corporations came to dominate our farm and food system. Read more…

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Filed under Corporate globalization, Corporations, Food and agriculture

Presser på for frihandel | Klassekampen

Utenriksminister Jonas Gahr Støre har signert en avtale som plikter Norge til å kjempe for uinnskrenket frihandel på WTO-møtet i Genève. Les mer…

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Filed under Corporate globalization, Trade, WTO

Protestors Condemn Mining Corporation Suing El Salvador | Global Issues

Protestors rallied in front of World Bank headquarters in Washington, D.C. today hoping to persuade a tribunal housed there to dismiss a case brought by Pacific Rim Mining Corporation against the government of El Salvador.

AFL-CIO Director of International Affairs Cathy Feingold speaks at a rally protesting Pacific Rim on Dec. 15. – Barbara Doherty/ IPS AFL-CIO Director of International Affairs Cathy Feingold speaks at a rally protesting Pacific Rim on Dec. 15. – Barbara Doherty/ IPS

Pacific Rim is suing El Salvador for more than 77 million dollars over the government’s refusal to approve a permit for a cyanide-leach gold mining project along the Lempa River, which is the main water source for a majority of the nation’s population. Read more…

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Filed under Corporate globalization, Environment, Human rights, Water, World Bank

NZ food bill to make growing food a government privilege rather than a human right

In accordance with the World Trade Organization’s (WTO) Codex Alimentarius scheme for global food control, the NZ Food Bill, if passed, will essentially transfer primary control of food from individuals to corporations under the guise of food safety. And unless massive public outcry and awakened consciences within the NZ government are able to put a stop to it, the bill could become law very soon. Read more…

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Filed under Corporate globalization, Corporations, Food and agriculture, Human rights

The Violence of the Free Market: Globalization Leads to Struggle for Food that Imperils Filipino Poor | World | AlterNet

As the world faces the uphill battle of feeding its people in the coming years, neoliberalism and globalization add insult to injury in the Philippines. Read more…

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Filed under Corporate globalization, Food and agriculture

Does one ‘super-corporation’ run the global economy? | Mail Online

A University of Zurich study ‘proves’ that a small group of companies – mainly banks – wields huge power over the global economy.

The study is the first to look at all 43,060 transnational corporations and the web of ownership between them – and created a ‘map’ of 1,318 companies at the heart of the global economy.

The study found that 147 companies formed a ‘super entity’ within this, controlling 40 per cent of its wealth. All own part or all of one another. Most are banks – the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse. Read more…

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Filed under Corporate globalization, Corporations, Democracy, Economic justice, Global finance