Aref-Adib‘s take on the banking crisis
- “If you talk about a global answer to a global crisis, you can’t just talk about the movement of capital, now we are told all the time we must not have protectionism, but the most powerful protectionism in the world is immigration policy. Capital can move anywhere in the world to boost its profits. But labor can’t move because of the immigration control. Now I am raising huge questions, I recognize that. But if it is legitimate for a big American company to go to Malaysia where the waging are low and triple their profit, why shouldn’t a Malaysian looking for highway just go to America?“
- Who elected the IMF? To whom are they accountable?
- If we are going to have a global structure, who is going to control it? Is it going to be just controlled by the bankers and big companies or is it going to be more democratic?
Tony Benn’s website and the five questions one should ask the powerful.