Signs of the Times - A Sampler of Protest
April 2000
Political Economy: A Sampler of Protest
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 Religious groups

Environmental groups

 Organized labor

 Student groups

 Ad hoc coalitions
Some of the main groups A movement known as Jubilee 2000, backed primarily by Catholic and Protestant churches Friends of the Earth, the Sierra Club and the Rainforest Action Network The A.F.L.-C.I.O., the United Steelworkers of America and the Teamsters Union. United Students Against Sweatshops and the U.S. Student Association Global Exchange, 50 Years is Enough, and the Ruckus Society
Among their main complaints That many of the poorest nations are overburdened with international debt and deserve debt forgiveness. That the spread of capitalism is damaging forests, silting rivers, contributing to greenhouse gas emissions and destroying the natural resources of poor nations. That global trade will have a negative effect on workers' jobs in wealthy countries. Labor groups have pushed for stricter trade and labor standards worldwide. That U.S. consumer products companies sometimes tolerate poor working conditions in overseas factories. That globalization worsens social injustice, poverty and animal rights, amd speeds the erosion of indigenous cultures.
Why they are protesting the World Bank and the I.M.F. The World Bank and I.M.F. are among the leading leaders to the poorest countries. Many religious groups criticize these leaders for a slow and half-hearted response to the push for debt relief. Some accuse the World Bank of funding energy and road projects that hasten environmental degradation. These groups contend that the I.M.F. encourages governments to curtail spending on environmental protection in return for aid. Some say the leaders encourage poor nations to develop big export-oriented industries, costing U.S. jobs. Labor's main goal, however, is to rewrite trade rules eforced by the World Trade Organization. Some student groups accuse the World Bank and the I.M.F. of protecting the interests of corporations over the rights of workers abroad and of forcing third-world companies to open their doors to investment by multinational companies.  The World Bank and the I.M.F. are seen as the main villians of globalization, capitalist enforcers trying to make the world safe for big corporations.


Comments? Questions? Write me at george@loper.org.