Big Business, Poor Peoples: How Transnational Corporations Damage the Global Poor Review

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Big Business, Poor Peoples: How Transnational Corporations Damage the Global Poor ReviewJohn Madeley has specialised in development issues for more than 30 years. In this informative book, he shows how transnational corporations [TNCs] damage the world (not just the world's poor). Chapters cover agri-corporations, agri-commodities, health care, water, tourism, forests and fisheries, mining, manufacturing, energy, corporate PR, and tackling the power.
The poorest 149 countries have $2700 billion debts. In 2005, they paid $513 billion to service these debts, as against the $106.8 billion aid they got.
There were 79 export processing zones [EPZ] in 25 countries in 1975, and 3,500 in 130 countries in 2006. Even the OECD admits that EPZ is a `sub-optimal policy from an economic point of view since it benefits the few and distorts resource allocation'.
10,000 corporate lobbyists operate at EU HQ in Brussels. The CEOs of Shell, BAT and GlaxoSmithKline were part of a secret lobbying group that had private access to Blair.
Madeley claims, "It is consumers who have the power to refuse to purchase goods from TNCs that do not act to end injustices." But later, he acknowledges that this doesn't work: Nestlé, boycotted for 20 years, "is the most boycotted company in the UK" but it's still there: "The boycott has little effect on Nestlé profits."
Madeley sums up, "Structural adjustment programmes, plus TNC power, have brought massive deregulation - the dismantling of legal and administrative controls that the corporations, Western governments, the IMF and the World Bank claimed interfered with the free play of market forces. Restrictions on TNC activities have been lifted, with government boasting about deregulation. A brochure from the UK government's Invest in Britain Bureau, for example, assures potential investors that `no new laws or regulations may be introduced without ascertaining and minimizing the costs to business'. Many governments have given guarantees of no labour rights so as not to deter foreign investment." The corporations, Western governments, the IMF and the World Bank all aim, not to fight poverty, but to maximise profits.

He concludes, "WTO rules are biased in favour of TNCs and benefit people in Western countries, rather than most people in developing countries." No, they do not benefit `people in Western countries'. They benefit only the employing class in Western countries.
Why do all writers on development ignore the reality of class? Without the working class of each country taking responsibility for its country, there is no development.
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