WTO, nationalism

Doug Henwood dhenwood at panix.com
Mon Dec 20 08:29:39 PST 1999


Rakesh Bhandari wrote:


>It seems to me that we are ever nearer a
>complete disaster and delegitimation of labor if it follows this anti
>globalization course.

That's a bit overdone. Quoting the AFL-CIO statement:


>America's unions are committed to a new internationalism focused on
>building international solidarity around a progressive, pro-worker,
>pro-environment and pro-community international economic policy.

[...]


>The current framework of global rules has failed miserably on many
>crucial counts. The international financial system has promoted
>policies that left many developing countries vulnerable and
>unprepared in the face of currency volatility and unpredictable
>swings in speculative capital flows. The result was thousands of
>bankruptcies and suicides and tens of millions of people losing
>their livelihood and falling into desperate poverty. The
>international financial institutions pressured crisis countries to
>export their way out of their problems-exacerbating
>deindustrialization and a rising trade deficit in the United States.

[...]


>We will focus our attention on implementing an integrated global
>strategy, one that achieves three broad, interrelated objectives:
>generating equitable global growth and development; adopting rules
>to regulate global competition for capital and markets in a socially
>constructive way; and reforming the international financial
>architecture so that national governments and international
>institutions have both the policy tools and the mandate to regulate
>financial flows appropriately. This project will go hand in hand
>with our work to reform the domestic economy and labor market.
>Neither of these efforts can succeed without the other.

[...]


>* Providing deep debt relief and development funds to ensure
>that our developing country partners have the resources they need to
>raise living standards and implement appropriate labor and
>environmental standards.

This is not revolutionary proletarian internationalism, but it's not cretinously nationalistic either.

Doug



More information about the lbo-talk mailing list