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keoni (keoni@mastodon.nz)'s status on Wednesday, 18-Dec-2024 18:09:09 JST keoni
- mementomaori
"On a global level, neoliberal advocates won a large victory with the establishment of the World Trade Organization which dictates the global rules of trade between nations, rules that heavily favour the sovereignty and interests of multinational corporations over sovereignty of democratic states, even allowing corporations to sue nations in international court."
https://newsroom.co.nz/2024/12/18/the-long-neoliberal-con/ via @mementomaori
In conversation about 7 months ago from mastodon.nz permalink
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  The long neoliberal con
  
  from Dr Ryan Ward
  
  From the University of Otago – Opinion: The Regulatory Standards Bill is another attempt by Act leader David Seymour to prioritise corporations over the good of the public, argues Dr Ryan Ward
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  pettter (pettter@mastodon.acc.umu.se)'s status on Wednesday, 18-Dec-2024 18:11:06 JST pettter
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  - mementomaori
  @keoni Worth remembering that the WTO is not even 30 years old, and there were plenty of other paths that could have been taken, and that are still open to us, e.g. the New International Economic Order https://en.wikipedia.org/wiki/New_International_Economic_Order @mementomaori
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    New International Economic Order
    
    The New International Economic Order (NIEO) is a set of proposals advocated by developing countries to end economic colonialism and dependency through a new interdependent economy. The main NIEO document recognized that the current international economic order "was established at a time when most of the developing countries did not even exist as independent states and which perpetuates inequality." In the spirit of "trade not aid," the NIEO called for changes in trade, industrialization, agricultural production, finance, and transfer of technology. The United Nations General Assembly adopted the "Declaration for the Establishment of a New International Economic Order" and its accompanying program of action on 1 May 1974. History The idea of a new international economic order emerged from the experiences of decolonization after the Second World War. Newly decolonized countries gained political sovereignty but "felt that their de jure political colonization ended only to be replaced by a de facto economic colonization." This mission to achieve a more equitable international system was motivated also by increasing...

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