Controlling Capital for the Public Good through an Alternative Investment Treaty

New Internationalist and Tony Clarke, 2001

New global investment rules hammered out at the World Trade Organisation and entrenched in regional trading treaties like the North American Free Trade Agreement (NAFTA) give carte blanche to wealthy investors while demanding nothing in return.

An alternative investment code is needed for democratic control of capital and to stimulate investment that benefits local communities. Tony Clarke argues that corporations have a debt to all of us. He suggests an Alternative Investment Treaty for bringing the rule of law to big business.

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This extract comes from Chapter 7: Redesigning the Global Economy, of "The No-Nonsense Guide to Globalisation", Wayne Ellwood, New Internationalist and Verso, London, 2001; ISBN 1859843360 Price: UK£7.00

Further Information

Tony Clarke is the Director of the Polaris Institute in Ottawa, Canada and a board member of the International Forum on Globalisation.

Polaris Institute http://www.polarisinstitute.org

International Forum on Globalisation http://www.ifg.org

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