By Lynn Fries
HARRIS GLECKMAN: The question really is: What is the way in which the world economic system should be organized and governed? Should it be governed by countries making the rules, perhaps through the United Nations, for governing the world economy? Or should the rules and the practices be made outside the sphere of governance and under the rule of multinationals?
And in effect, in the last 70 years, that has become the dominant form of global governance arrangements, where the international system and the UN look at issues which are important, but not crucially central, to the governance of the global system. What has evolved is that the role of the UN has shrunk. It’s no longer even really attempting to govern globalization. And the transnationals have a greater sphere of influence of making crucial decisions about where work is in the world, where food is, where natural resources come from and go to, and how the world financial system operates. And we’re seeing significant changes in our lives because of the switch in the degree to which the international market globalization makes key governance decisions for the world.
LYNN FRIES: It’s The Real News. I’m Lynn…