A Quote by Guy Standing
Corporations and financiers have used their growing influence to induce governments and international organizations to construct a global framework of institutions and regulations that enable elites to maximize their rental income.
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The international human rights framework is a vital component and engine for promoting global values. Governments have signed up to this international legal framework and we should hold them accountable, in all circumstances from environmental or labour standards, to trade talks, arms control and security issues as well as other international legal codes.
Governments have been ceding power to big multinational corporations in the market. We see the manifest in a variety of ways. Where governments are giving up power to big international institutions like the World Trade Organization or NAFTA, which are disabling governments' ability to protect the rights of their own people.
There is a growing global anti-establishment revolt against the permanent political class at home and the global elites that influence them, which impacts everyone from Lubbock, Texas, to London, England.
As global organizations, governments, NGOs, and corporations plan for the years ahead, we must ensure that broadband deployment for the whole world is a priority.
Instead of a bottom-line based on money and power, we need a new bottom-line that defines productivity and creativity as where corporations, governments, schools, public institutions, and social practices are judged as efficient, rational and productive not only to the extent they maximize money and power, but to the extent they maximize love and caring, ethical and ecological sensitivity, and our capacities to respond with awe and wonder at the grandeur of creation.
The whole difficulty I think that that we're facing now is the question of who is going to ensure that corporations are accountable. The problem with leaving it to activists and non-governmental organizations-even with the tool of the Internet at their disposal-is that those organizations and those people don't have the legal right to compel corporations to disclose information, and that is something that governments can do.
We have reached a stage where governments and political processes have been hijacked by the corporate world. Corporations can within five hours influence the vote in the U.S. Congress. They can influence the entire voting patterns of the Indian Parliament. Ordinary people who put governments in power might want to go in a different direction. I call this the phenomenon of the inverted state, where the state is no longer accountable to the people. The state only serves the interests of corporations.
On climate and clean energy, government sets the international framework, and the private sector uses that framework to do what it does best: innovate, create, and drive global progress.
We have international standards regulating everything from t-shirts to toys to tomatoes. There are international regulations for furniture. That means there are common standards for the global trade in armchairs but not the global trade in arms.
There is at the global level a very small number of actors who can meaningfully weigh in on global institutional design, who are able - through powerful governments and most effectively through the government of the United States - to exert substantial influence on international negotiations, which are routinely conducted behind closed doors.
International institutions are composed of governments. Governments control their own military forces and police.
It cannot suffice to invent new machines, new regulations, new institutions. It is necessary to change and improve our understanding of the true purpose of what we are and what we do in the world. Only such a new understanding will allow us to develop new models of behavior, new scales of values and goals, and thereby invest the global regulations, treaties and institutions with a new spirit and meaning.
If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That’s why legislation and regulations are necessary.
If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That's why legislation and regulations are necessary.
My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income...passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.
I don't fault business. If you run a corporation, your job is to maximize the return on investment for your investors. Good for you. But by the same token, we have to remember that corporations have no compassion. That's why legislation and regulations are necessary.
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