Wednesday, September 21, 2016

Jayati Ghosh — The End of U.S.-Led Economic Globalisation?

This is really about TTP and TTIP and the way they are being sold to the public as trade deals involving liberalization that increases efficiency and benefits everyone. Nothing could be further from the truth.

These deals are about strengthening the power of transnational firms at the expense of workers, consumers, national sovereignty and democracy. Jayati Ghosh explains how the scam works to rip ordinary folks off and increase inequality, while making sure that governments can do nothing to protect their populations. Outrageous? You betcha.

Fortunately, Western voters are not buying it. So President Obama has gone into full-on spin mode to get it through on his watch, obviously to reap the rewards after leaving office, the first matter of which is funding for his presidential library. As always, follow the money.

The End of U.S.-Led Economic Globalisation?
Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi

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