GLOBALIZATION
with
Darrell Udelhoven
The Real Political Issues are the Issues
the
Corporate
Media Refuse to Cover
Publisher of the Series The Real Political Issues & People
Empowerment
Developing New Globalization
Policies
and
Rules Toward Producing Broad Based Per Capita Wealth
Globalization
policies must work
for
both–the Developed and the Developing countries. Only one sixth (1/6th)
of the world's population lives in the Developed countries, while 5/6th
are living in the Developing countries. In some Developed countries the
average annual earnings could be over $30,000.00, while in some
Developing
countries they have to live on $300.00 a year.
Property rights represent the biggest
barrier
to marketing and trading in the global market. The poor people of these
countries do not have the legal documentation to prove they own their
land
or other specific things of worth. This must change and the economic
policies
must change within these countries so the "Per Capita Demand Side" of
all
economies within each country greatly improves. Emphasis on increasing
the Per Capita Demand-Side earnings and purchasing power will generate
increased output on the "Supply-Side," both sides of this equation will
generate tremendous increases in tax revenues while allowing a
reduction
in per capita tax rates. These increased revenues in both
Developed
and Developing countries can be used to build the necessary economic
infrastructures
that are needed to continue to build wealth.
In both Developed and Developing
countries
trading rules must be fair and balanced in ways that do not destroy
important
Per Capita Demand-Side earnings of the important small business, small
farmer, and employee sectors of each countries' economy.
Over 5 billion human beings are wholly
reliant
on a just global economic regulatory policy system. What we must
have is: "a mutually beneficial and prospering public purpose in our
national
and global investment, finance, and economic policy making."
We don't need policies that further
empower
Transnational Corporations to exploit cheap foreign labor, land costs,
taxes, and disparate regulations, which exploit the homeland economies
of Developed and Developing countries and their peoples -- who are
thereby
rendered powerless to change their fate.
How long can this imbalanced economic
policy
paradigm continue to escalate before the homeland economies of the
major
Developed and Developing countries crumble? Many countries have already
been bailed out or have failed under existing Globalization policies.
The flood of over exuberant over
investment
by thousands of global corporations has resulted in the overbuilding
of
production and other capacities, far in excess of need; which has in
turn
resulted in massive creditor losses; but of course every country in
deep
trouble insists that the International Monetary Fund (IMF) ought to
bail
them out.
Remember, there are some 37,000
multinational
corporations, and between them they represent four fifths of all world
trade and most of the foreign investments.
A Top Priority -
Opportunity to
Earn
a Living for 6 Billion Human Beings
It
is
obvious we should work with
the universal laws of balance and equity in all relationships that lead
to mutual economic prosperity. A clean environment is a key part of
this
sustainable balance! Existing global agreements violate all the
laws
of equity of economic opportunity and mutual broad based worldwide
"human
economic unit prosperity." Thus, leaving no economic opportunity to
earn
a livelihood for billions of our World's Citizens.
Asian Economic Crisis -
Result of
the
Exploitative Global Corporate Investment Craze
In
the
new world order economy
there
are 37,000 global operating corporations and between them they
represent
four fifths of all world trade, and most of the foreign investments.
These
global operating corporations represent two thirds of the world's
economy!
They are also the initiators and promulgators of nearly all of the
global
investment, finance, and trade policy agreements. Many of which are
conducted
in secrecy. The only real global competition is between those 37,000
multinational
operating corporations. The homeland operating economies of countries
have
no way to compete against the huge regulatory and production costs
differentials
between First and Third World countries. This has resulted in global
economic
crises' in many communities worldwide. The actual costs of these
horrific
injustices, were it accurately computed, would be staggering.
Transferring
or exporting a countries core wealth producing manufacturing industries
and their wealth producing jobs to the least regulated and cheapest
production
cost countries in the world will eventually devastate the local
homeland
economies. These agreements allow these corporations to be big time
winners
by exploiting, in every conceivable way, the homeland economies of both
the developing and developed countries.
Seminal Issue: Funding of
the IMF
How
should the IMF be funded and
why.
Tax payers were forced to pay for the S & L losses. The line should
have been drawn in the sand. The investment banks and the corporate
exploitative
speculators are responsible for these irresponsible investments not the
citizen tax payers of America and the rest of the world. Therefore, the
responsible institutions should be held responsible for their
exploitative
ventures and not the victims of such outrageously greedy strategies.
These
exploitive speculators have made billions over the years; even perhaps
over a trillion. Leading economist say, that if we were to tax all
financial
transactions of these types at the rate of one fifth of one percent it
would raise 20 to 30 billion a year in the United States alone, and
perhaps
over 100 billion worldwide. It is time the victimizers of the homeland
economies at least fund and pay for their own investment and lending
blunders!
Come on folks, wake up and start marching and petitioning across
America
and the World! Let us act before it is too late!
The Corporate political
coalition
cry
is: bail us out; further deregulate us; eliminate all tariffs; advance
free trade; much more of the same please, or we can not succeed!
We
are
beginning to hear short
news
clips about the real economic consequences of this genuinely flawed
global
and Asian economic policy system. You won't hear the press questioning
the validity of these investment, finance, and trade policies; we dare
not question the gross lack of just moral standards and the total
inequities of nearly all existing global economic policies.
The Silence in the Press
has been
Deafening
The
total
lack of, on-going
exposé
journalism, is a facilitating element toward the furtherance of these
massive
debacles; because, the press should have been outlining, defining, and
comprehensively reporting on the economic damages that are being
perpetuated by existing, horribly exploitive, global economic policy
making.
In
Conclusion
The
extreme exploitive nature of
the
multiple thousands of Transnational Corporations has resulted in
massive
global economic imbalances and instabilities in the countries they
invest
in, to exploit. Now, they want the International Monetary Fund (IMF),
to
bail them out with more of your tax money. Remember the Savings and
Loan
debacle that we tax payers bailed out! We could use intelligent
regulatory
controls to stop exploitive foreign investments, unfair finance, and
unjustly
manipulated, non-competitive, trade advantages. However, the new
corporate
initiated trade and investment agreements multiply these
non-competitive
advantages that will continue to result in the failure of financial
institutions
and the economies of countless countries!
I have always stated that we should
develop
economic policies that result in the strengthening of local economies
toward
optimal self sustain ability and independence from the economies of
other
countries. I am for investment, finance, trade, and economic policies
that
protect and promote sustainable, and stable economic development and
growth
within and between all countries, to the mutual benefit of all peoples
in every country worldwide. We should also reduce, to every extent
possible,
our dependence on transnational corporations for our economic viability
because their policies and practices are predicated on advancing their
own selfish interests and will eventually destroy the general homeland
economies of countries. This will in time threatening their
national
security, and destroy the ability of their people to earn decent
livelihoods!
This exploitive policy is truly a formula for a multiplicity of
internal
revolutions and wars of a major magnitude worldwide.
Watch & listen to the crisis in
progress
on CNN, C-Span and other news sources. Corporations and their investors
won, but countries and their homeland peoples lost; eventually,
corporations
and their investors will lose as well! As soon as I have time I will
outline
global and national economic policies that will result in sustainable,
secure, and mutually prosperous economies of countries worldwide. These
policies result in balance and equity within countries and between
countries.
Stay tuned!
Some
Policy Arenas I Will Be
Covering
On This and other Pages
- The Devaluation of Currencies to
gain
Trade &
Investment Advantages
- Finance: Establishing Prioritized
Lending Policies
and Practices
- A righteous or just purposed
revision
of
all major
economic policies - National and Global
- The television documentary
productions
it will
take to re-educate and inform the public regarding
the making of long term sustainable
national
and global investment, finance, and economic and environmental policy
making- An overview of the tie in of
all of
the above
with the necessity of a standard of democratic access to broadcasting
airtime
for small business operators, family farmers, and labor
THE
REAL POLITICAL
ISSUES PAGES
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LINKS PAGE
The Real Political Issues and
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Empowerment
Empowerment Communications © 1997
Darrell Udelhoven
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Modification: 05/02/02
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