Enough “Free Trade.” We Need Solidarity Economies and Reparations.


20-01-19 04:13:00,

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“Free trade” is the modern form that imperialism takes: It is a system that protects and expands inequalities of power both between and within countries. “Free trade” empowers global North multinational corporations to continue — with minimal interference and tacit approval from global South governments — the unequal trade they developed with the global South during colonialism. Further, it allows global North multinationals (with their junior partners, global South multinationals) to increase inequality around the world by pitting working class people in the global North and global South against one another.

Another way is possible. In order to build a progressive international political economy that produces material dignity and freedom for all the world’s people, we need to engage three distinct yet interrelated projects. We can build each project, piece by piece, advancing all three at the same time. The vision for what the three projects become can help us continue to build popular support as we advance each of the projects toward creating a transformed and democratic world economy.

First, we need trade agreements that include strong labor, environmental and antitrust regulation in all countries, and agreements that end offshore tax havens for the wealthy and create fair access to markets for global South producers. These agreements can allow us to rapidly address some of the worst multinational corporate abuses. They can also create space for us to continue to build the other two projects, especially the solidarity economy institutions that can become the base for popular progressive power that we will need in order to organize to create a transformed world economy.

Second, we need democratic international institutions that transfer technology and productive wealth from the global North to the global South so that we can begin to undo the ongoing violence of centuries of colonialism and imperialism.

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