The below article, somewhat dated but still very relevant, is not filled with hearsay nor written by a nationalist nor left-leaning anti-globalist, as those so-called technocrats among us might hastily say. Any mature, intelligent and socially-conscious citizen will appreciate the fact that multinational corporations --many of which are American-controlled-- have only brought havoc to their employees/workers and overall to the society these global corporations are in regardless of location. In America which has practically de-industrialized, or abroad such as in poor/Third World countries like ours where serial peso devaluations have practically made Filipino workers -- college-educated or not-- highly dispensable employees clocking into, what one can aptly call, sweatshops.
Filipinos in the Philippines have perpetually and worseningly suffer the punishments the IMF/WB now through the WTO (controlled and used by the G7 nations for their multinational corporations) have continually brought to our homeland, thanks to our traitorous technocrats and political rulers who, because of their miseducation, vested economic and/or political interests, unquestioningly kowtow to these organizations.
(Phillips was educated at the Bronx High School of Science, Colgate University, the University of Edinburgh and Harvard Law School. After his stint as a senior strategist for the Nixon campaign, he served a year, starting in 1969, as Special Assistant to the U.S. Attorney General, but left after a year to become a columnist. In 1971, he became president of the American Political Research Corporation and editor-publisher of the American Political Report (through 1998).
The WTO and the Fed have essentially become two new branches of government, in many ways more powerful than Congress and the president. Who elected them anyway?
Organization that begins Nov. 30.
of the U.S. government, or that it is a magna carta for U.S.
global economy in the 21st century.
are more vulnerable and require that domestic economics come first.
WTO and its anticipated role.
representatives and senators share in the loss. Where the U.S.
that interfere with trade rights as the organization defines them.
increasingly independent of politicians and elected officials.
man in the executive suite, not the man on the street.
lawyers. There are no conflict-of-interest restraints for these people.
In addition, no appeal is possible outside the WTO.
matters. Congress is being fleeced like lambs at a shearing.
and then went into decline.
embracing international rather than internal economic opportunities.
finance, overseas investments, shipping, insurance, communications.
And that's where the payoff is.
1770 or Britain in 1945.
representative government to be undercut and restructured by the U.S.