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Author Topic: Guardian blog post calling to renounce the multi-nationals  (Read 1223 times)
Stephen Gornick
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December 31, 2010, 07:37:30 PM
 #1

Interesting article:
  http://www.guardian.co.uk/commentisfree/2010/dec/28/protests-tax-havens

On a conservative estimate, a third of the world's wealth is held offshore, with 80% of international banking transactions taking place there.

More than half the capital in the world's stock exchanges is "parked" offshore at some point.

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Stephen Gornick
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December 31, 2010, 07:48:43 PM
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And a related article:
http://theeconomiccollapseblog.com/archives/the-shadow-banking-system-a-third-of-all-the-wealth-in-the-world-is-held-in-offshore-banks

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kiba
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December 31, 2010, 07:58:06 PM
 #3

For all the focus on the super-wealthy and such...

There's one thing that they're ignoring...the people.

After all, who have the responsibility and the power of electing people into office, the one who have irrational fears about child predators, and possess such a statist belief system.

Oh yeah, don't forget the old people who vote in favor of social security and burdening the younger members of the population with the bill

Timo Y
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December 31, 2010, 10:14:33 PM
 #4

The sentiment is understandable.

Many multinational corporations get priviledged treatment by the state, and lobby the state to violently subjugate its own citizens to their advantage (see patent and copyright legislation).

But then some of those corporations refuse to reciprocate in return for their priviledges.

It is no surprise that the "little man" feels cheated.

The proposed solution is of course misguided.

When some gang of thugs starts bullying you the answer is not to hire your own gang of thugs to bully the victims subject to the other gang.

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kiba
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December 31, 2010, 10:19:35 PM
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Many multinational corporations get priviledged treatment by the state, and lobby the state to violently subjugate its own citizens to their advantage (see patent and copyright legislation).

You either lobby the government or get subjugated from some jackass competitor's legislation and go out of business.

If nobody lobby, the government will listen to the whining and crying of the masses.

The solution is to stop the fucked up game, rather than attacking organizations or individuals who were winner in the system.

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