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Economy







My meeting with EU Trade Commissioner Cecilia Malmstrom and corporate representatives, and the rules they want to impose on us

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At the end of April, I went to a Trade Commission ‘civil society dialogue’ meeting Brussels in which Trade Commissioner Cecelia Malmstrom was seeking input on how to push forward the WTO globalisation agenda via the mechanism of the EU.

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stop-ttip

Ha Joon Chang: ‘increasing corporate power is at the heart of TTIP’

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Ha Joon Chang, author of 23 Things They Don’t Tell You About Capitalism and Economics: The User’s Guide explains that TTIP is not about ‘free trade’ – trade is already more-or-less free. TTIP is about helping corporations to sue countries if they dare to do anything – anything at all – that can be shown

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obama

Obama says we’ll be ‘at the back of the queue’ for TTIP if we leave the EU; that’s the best argument I’ve heard for Brexit

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Trade deals (and in fact, the EU) exist to maximise growth and to orient our economies towards exports. From an environmental perspective, this is the exact opposite of what we should be doing.

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money-uk

Where does money really come from? (erratum: there is no fractional reserve system in the UK)

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There is a simple conception of the banking system – that banks look after money for savers, and pay them interest. They then loan out that money to other people and charge them a slightly higher rate of interest, and that’s where they make their profit.

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