Why Global Capital Fears ‘Brexit’
We are not trying to tell UK readers how (or even whether) to vote; we are asking you to help us shed light on and bring sanity to this volatile situation.
Trade treaties were a hot button issue during the recent US presidential primary campaigns. This represents an important victory for the people – for the grassroots – whose voice is finally being heard. While it’s hard to know what really lies behind Donald Trump’s opposition to the trade agreements, it’s very significant that Bernie Sanders put Hillary Clinton on the defensive about NAFTA and led her to take a stand against the TransPacific Partnership (TPP).
In rejecting these trade deals, political leaders are going against the top-down pressure from global corporations and banks. We must of course be alert to the fact that politicians pander to voters while seeking election, but once in power they only seem to hear the voice of big money. Nevertheless, the fact that awareness about the trade treaties has become so widespread is itself a huge victory. Now that these corporate-friendly deals are seeing the light of day, it is unlikely that future trade agreements will be easy, automatic victories for global capital. [Read more]