A Quote by Sharan Burrow
When corporations refuse to practice due diligence by not establishing grievance mechanisms for remedy of abuses against the hidden 94% of their workforce in their global supply chains, they perpetuate a depraved model of profit-making that has driven inequality to a level now seen as a global risk in itself.
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A binding treaty and mandatory human rights due diligence would clean up slavery in global supply chains. Workers demand it, and consumers demand it.
With global rules for global supply chains, we can end corporate greed.
Global supply chains are founded on a Darwinian model that rewards employers who treat working people as less than human.
On their own, tariff and trade barriers, if viewed as transitory negotiating tactics, will not significantly change global investment patterns or the structure of global supply chains and employment.
What is different between national inequality and global inequality is you have another element there that is sometimes forgotten: what matters for global inequality is relative growth rates between poor and rich countries.
With a global society hungry for luxury, distribution and supply chains are now as important for executives as a hands-on feel for products.
I believe that international support through critical funds, together with the determination of my compatriots, Malawi can be a model country for meeting global health targets and get on with the business of African-driven global economic growth.
The role of globalization is to homogenize all cultures, and to turn them into commodified markets, and therefore, to make them easier for global corporations to control. Global corporations are even now trying to commodify all remaining aspects of national cultures, not to mention indigenous cultures.
I think we're in a global crisis of unprecedented scale, with global warming and climate change, and we don't have the solution using any of the separated structures that are attempting to solve these issues, whether it be the United Nations, or the global corporations.
In a global economy where our economies and supply chains are deeply integrated, it's not even possible.
The old 20th-century political model of Left vs. Right is now basically irrelevant, and the real divide today is between global and national, global or local. All over the world, this is not the main struggle.
Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.
Most people believe that inequality is rising - and indeed it has been rising for a while in a number of rich countries. And there is lots of talk and realization of this. It's harder to understand that at the same time, you can actually have global inequality going down. Technically speaking, national inequality can increase in every single country and yet global inequality can go down. And why it is going down is because very large, populous, and relatively poor countries like India and China are growing quite fast.
Global inequality is such an abstract concept, simply because there is no global government. Telling people in rich countries who have had no increase in real incomes, stagnant median wages and so on, that on the other hand global inequality is going down because people who are much poorer than them are getting richer - it's something that maybe they would like in an abstract sense, because everyone is happy there are fewer poor Chinese, but you may not be as happy if these Chinese are taking your job.
I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities, diversified U.S. and global and emerging markets, and when the risk is larger, I diminish the amount in global equities and put more into liquid assets - but very irregularly.
The fact of the matter is that today, stuff-selling mega-corporations have a huge influence on our daily lives. And because of the competitive nature of our global economy, these corporations are generally only concerned with one thing - the bottom line. That is, maximising profit, regardless of the social or environmental costs.
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