The IMF makes loans to debtor countries to help overcome balance-of-payment deficits, conditioned on those countries adopting a policy package known as structural adjustment.
When individuals are unable to pay their debts, the debtor and the creditor
share the pain, through bankruptcy or otherwise. No such thing happens in international financial markets. When countries are unable to meet their payment obligations, the IMF rushes in, and provides money to the borrower. This money is used to repay
creditors, letting them off the hook. The pain is borne exclusively by the borrowing country, which must accept recessionary austerity conditions from the IMF.
Working out a sensible system of international financial regulation, which avoids Wall
Street bailouts & unfairly punishing debtor countries, is a complicated matter. It is clear, however, that the IMF has to be reined in. Even some Wall Street conservatives suggest that the IMFs power should be restricted or the IMF abolished altogether.
Source: Cutting Corporate Welfare, p. 84-85 & 89
Oct 9, 2000
End export assistance; its corporate welfare
Various government agencies maintain an array of export assistance programs. These programs raise the question of why overseas marketing and lending and other export assistance should be a government rather than a private sector function.
As regular
beneficiaries of double standards, big business executives and lobbyists, it seems, are without a sense of irony. How do the corporate proponents of international trade agreements designed to promote misnamed free trade explain their simultaneous
support for marketing subsidies? If it is only on the grounds that other countries do the same thing. Perhaps they should turn their multinational lobbying prowess to eliminating other countries export assistance programs.
The most disturbing
feature of many of these programs may be that the assisted companies export troublesome products or technologies-weapons, or environmentally hazardous equipment, for example. Such programs, especially arms exports initiatives, should be ended.
Source: Cutting Corporate Welfare, p.103-104
Oct 9, 2000
Renegotiate NAFTA & WTO as if human beings mattered
A fair trader rather than a free-trader, Nader would renegotiate the North American Free Trade Agreement, or NAFTA, and the World Trade Organization as if human beings mattered, not global corporations,
insisting on meaningful environmental and worker protections.
Source: Scot Lehigh, Boston Globe, page D1
Oct 8, 2000
Subordinate the commercial to human rights, enviro, & labor
I would have labor treaties that have teeth, consumer protection treaties, and food and environmental treaties. If we put it all in one big trade treaty, the economic imperative is going to always dominate, just because
the corporations are always there. Weve progressed by subordinating the commercial to the human rights, labor rights, and environmental rights imperatives. The WTO reverses that.
Source: Robert Kuttner interview in American Prospect
Jul 2, 2000
Its not free trade; its corporate-managed trade
Free trade is a misnomer. Monopoly patents are not free trade; theyre trying to convert all sorts of natural knowledge into intellectual property, 20-year patents. Thats not free trade. And the rest of it is
managed trade. True free trade would take only one page for a trade agreement. How come there are hundreds of pages, and thousands of regulations? Its corporate-managed trade.
Source: New Texas, Candidate For a Green Planet
Apr 28, 2000
NAFTA failures: $50B Mexico bailout; 400,000 exported jobs
Q: How would you rate NAFTA? I know you opposed it. A: NAFTA has turned out worse than we predicted.
Nobody predicted that the US government would have to have a package of $ 50 billion to bail out the crooked
Mexican government regime and its billionaire oligarchs.
NAFTA promised us more jobs. Weve lost almost 400,000 jobs because we now have moved from a trade surplus in Mexico to probably a $ 10 billion trade deficit. And we have a deficit.
Were exporting jobs -- probably about 350,000 to 400,000 jobs.
Its turned out badly for most of the Mexican people; theyre poorer, theyre more unemployed and they are ravaged by a vicious inflation.
The borders are a nightmare; more smuggling, more pollution, more infectious diseases. The environmental commissions are toothless.
Source: San Francisco Chronicle, Sunday Interview, p. 3/Z1
Oct 13, 1996
Ralph Nader on Globalization
Globalization is a betrayal of workers and environment
The key to Naders clout is frustration on the left, especially when it comes to the globalization initiatives of Bill Clinton. Nader lashes out at the World Trade Organization and the recent passage of Permanent Normal Trade Relations with China. Such
agreements, he charges, betray workers here and abroad by ignoring labor and environmental standards. Indeed, several Nader-founded groups helped lead last years demonstrations against the WTO in Seattle.
Source: Matthew Cooper, Time magazine, p. 79
Nov 6, 2000
Seattle sparked movement to question corporate globalization
Q: What are your observations on the demonstrations at the WTO ministerial meeting in Seattle? Do you think they might be a spark for a new movement for social change? A: I think they have been. Theyve gone back from Seattle to have meetings in
church basements and union halls, [and the issue is now in] the global medias attention. Corporate globalization, the corporate model of economic development, the autocratic systems of governance embedded in the WTO, which subvert our legitimate local,
state and national sovereignties, imperil our existing health and safety laws, should they be superior to those of other countries who are exporting to us and say that theyre trade barriers and take us to tribunals in Geneva which are secret
kangaroo-type courts and beat us there, because the mandate of GATT and now the WTO is trade ber alles. Trade subordinates all over consumer, environmental, health, safety and workplace standards.
Source: Alternative Radio interview with David Barsamian
Feb 23, 2000
Battle of Seattle convinced president to reconsider WTO
The media called it the battle of Seattle last week. After ignoring the articulate pleas of advocacy groups back in 1994 when he was ramming the WTO & GATT through Congress, Clinton started repeating their concerns. He came out for openness, instead of
the secrecy of the WTO. He came out for more consideration of labor and environmental rights by the WTO. He asked the worlds nations to consider whether they are going in the direction we all want to go. Well, well, well, Mr. Clinton-a WTO reborner!
Source: In the Public Interest newspaper column
Dec 7, 1999
Global trade concentrates power & homogenizes the globe
The global corporatists preach a model of economic growth that rests on the flows of trade and finance between nations dominated by the giant multinationals -- drugs, tobacco, oil, banking, and other services. The global corporate model is premised
on the concentration of power over markets, governments, mass media, patent monopolies over critical drugs and seeds, the workplace and corporate culture. All these and other power concentrates, homogenize the globe and undermine democratic processes and
their benefits.
Far better for countries to focus on building domestic markets through land reform, microcredit for small businesses, use of local materials for housing and renewable energy solar-style. For developing countries,
it is far better for bottom-up capital formation to encourage activities that are more job intensive -- generating purchasing power -- than adopting highly capitalized and chemical plantation type agribusiness with destructive technologies.
Source: In the Public Interest newspaper column
Dec 7, 1999
WTOs trade uber alles hurts environment, health, & safety
In the WTO], environmental, consumer and workplace health and safety regulations have to prove they are least trade restrictive. What that omnipresent phrase means is that one country can challenge another countrys safety laws or
standards for allegedly obstructing imports. So far these cases brought before the WTOs secret tribunals usually have been decided against health and safety under the tribunal judges yardstick of trade uber alles.
Source: In the Public Interest newspaper column
Dec 7, 1999
A growing movement: international labor rights
Textile workers in a Bangladesh factory that makes clothes for Wal-mart are paid between 9 and 20 an hour - far less than the countries legal 33 minimum wage - seven days a week. The coming year will see a more intense focus on the
booming practice of using child laborers under conditions unimaginable to most Americans. International trade in products made by children, in many cases under indentured servitude, is legal under the WTO. Linked to standards of justice
for the oppressed children and young adults laboring for the massive profits of Wal-Mart, Nike, and other giant companies, consumer dollars can speak power and
truth. The alternative is for unknowing shoppers to keep allowing these abuses that lead to obscene profits for corporations.
Source: In the Public Interest newspaper column
Aug 17, 1999
Multinational corporations challenge democracy
Q: There must be firms or forces in society that you have decided now are more malignant than you thought 25 years ago, and companies on the other hand that actually have improved and are behaving better. There must have been some changes.
A: With the
collapse of communism and with the absence of any alternative way of ordering private property and using public assets, were entering into a generation of global power of the multi-national corporations. Theres no society thats able to
withstand commercial western culture. Perhaps fundamentalism and Islam is trying to do it.... But thats going to be the challenge now, whether democracy is going to be up to it. Whether these giant corporations are going to be able to respect
instead of erode and control democratic processes and these new trade agreements like GATT and the World Trade Organization are not encouraging.
Source: David Frost interview
Oct 21, 1994
Ralph Nader on Immigration
Dont criminalize the border; but no open border either
Q. What is your stance on numeric caps for legal immigration and/or quotas for specific countries for immigration, and whether there should be amnesties for illegal immigrants?
A. The first stage for our immigration policy is stop supporting
oligarchs, dictatorships, authoritarian regimes that drive people to leave their native lands out of economic desperation or political repression. Lots of people from Mexico and Central America would now be in those countries, not in this country, if
they had a decent chance in a democratic society to have an adequate standard of living. We cannot have open borders. Thats a totally absurd proposition. It would depress wages here enormously, and tens of millions of people from all levels, including
scientists and workers, would be pouring into this country. One way is to provide work permits for people who come in and do work for short periods of time that Americans dont want to do instead of criminalizing the border.
Source: John Ellis, The Fresno (CA) Bee
Oct 22, 2000
Guest workers OK, with labor standards
Q. Do you support a guest worker program?
A. Yes, under work permits, so everything is above board. So they are not exploited. Right now, employers have the best of both worlds. They exploit workers, they make huge profits, and they escape
prosecution. Farm labor, whether American or unlawful immigrants, dont have the protection under labor laws that industrial workers have. The idea is to bring all farm labor under the Fair Labor Standards Act.
Source: John Ellis, The Fresno (CA) Bee
Oct 22, 2000
Support democracy abroad so fewer will immigrate
Q: Describe your immigration policy.
A: We need work permits for people who come in this country and do work, as in farm areas, instead of criminalizing the process. Second, a foreign policy that sides with workers and peasants for a change
in democracy, instead of dictatorships and oligarchies, will reduce enormously the pressure of people under economic pressure and political repression from coming across the border. Most people dont want to leave their native land. But theres another
immigration issue, which is the brain drain. Silicon Valley, trying to get more computer specialists, and others trying to get physicians from other countries in the Third World that desperately need them. Weve got to stop being a hog for the skilled
people abroad. Theres an African-American group that just started protesting Silicon Valleys H-1B visa, pressure on Congress, saying there are African-Americans who are trained or could be trained to meet these jobs in the computer industry.
Source: Nader-Buchanan debate on Meet the Press
Oct 1, 2000
Immigrants dont come for welfare; restore safety net
So-called welfare reform at the federal level has changed national policy from a statutory mandate to the states for child sustenance to a mandate for its limitation. Most severely affected are children of legal immigrants. The evidence is overwhelming
that immigrants do not come to California for welfare. In fact, few ever claim benefits in the first one, two or three years after arrival. But, those children whose parents do fall on hard times are often unprotected.
Source: Statement on Child Poverty
Jun 26, 2000
Dont blame immigrants for social and economic problems
Nader supports the Green Party Platform, which states:Our nation was built with a rich tapestry of immigrants and we must continue to respect the potential contributions and RIGHTS of our new immigrants.
Preferential quotas based on
race, class, and ideology should be abandoned for immigration policies that promote fairness, NON-DISCRIMINATION and family reunification.
We find particular attention should be given those minorities who are political exiles and refugees, including
Russian Jews, mid-East Kurds, Tibetans and Haitians.
Our relationship with our neighbor to the south, Mexico, needs to be given added attention. Our border relations and reciprocal economic opportunities should be a central concern of government that
is looking to improved economic, environmental and social conditions for both peoples.
We oppose those who seek to divide us for political gain by raising ethnic and racial hatreds, blaming immigrants for social and economic problems.
Source: Green Party Platform, as ratified at the National Convention
Jun 25, 2000
Click here for definitions & background information on Free Trade & Immigration.
Click here for policy papers on Free Trade & Immigration.
