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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
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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
The New Internationalist workers' cooperative (NI) exists to report on the
issues of world poverty and inequality; to focus attention on the unjust
relationship between the powerful and powerless worldwide; to debate and
campaign for the radical changes necessary to meet the basic needs of all;
and to bring to life the people, ideas and the action in the fight for
global justice.
It publishes the widely acclaimed monthly New International Magazine
http://www.newint.org
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