Forever Under Construction

Asymmetric protectionism

Posted in cartoon, Financial crisis by homeyra on April 12, 2009

bankrate

Aref-Adib‘s take on the banking crisis

An interesting selection of interviews at P U L S E: G20: Mission Impossible? A few quotes from Tony Benn:

  • 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.

The Crisis of Credit Visualized

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6 Responses

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  1. jo6pac said, on April 12, 2009 at 5:49 pm

    Hi
    Thanks for the link.

  2. 99 said, on April 13, 2009 at 1:59 am

    Yes, good stuff, Homie. Thanks.

  3. Monte said, on April 13, 2009 at 3:57 am

    How can we claim to support freedom when people are not free to live where they please? Calling it protectionism is brilliant.

  4. [...] Those might raise a fuss, eh? (h/t Homeyra!) [...]

  5. Renegade Eye said, on April 18, 2009 at 6:32 am

    Every once in awhile, Benn has something profound to say.

  6. homeyra said, on April 20, 2009 at 6:31 am

    Thanks friends :)
    I guess you have all seen Moore’s Sicko. MM interviews Benn somewhere in the movie.
    “Every once in awhile” is much above the average RE!


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