6 Articles by:
Nick Dearden is the director of Global Justice Now.
In the 1950s, a system of corporate courts was created to allow Western businesses to sue the Global South for threatening their profits — and now fossil fuel giants are using it to stop any country from fighting the climate crisis.
Pharma giant Pfizer expects to make more than $50 billion from its Covid medicines this year, and it isn’t a one-off – it’s a symbol of the drastic inequality resulting from a monopolistic approach to global health.
For months, medical experts warned that leaving large areas of the world unvaccinated would make new variants inevitable – but for Big Pharma, profits come before public health.
The proposed UK-Australia trade deal could enshrine the right of corporations to sue our government – which would spell disaster for our public services, for our food standards, and for the environment.
International trade is not just about imports and exports, but the economic and regulatory framework across the globe. As the liberal order falls into decline, it is vital that the Left offers a real alternative.
The staggering exodus of capital from the Global South is pushing developing economies to the brink of default – making it increasingly likely that the greatest cost for the coronavirus crisis will be paid by the world’s poorest.