From The Wire: The Competition Commission of India (CCI) is currently assessing the likely adverse effects on competition of the proposed merger of Dow Chemical and DuPont. If it goes through, the merger will create the world’s biggest chemical and materials company. But there are a dozen reasons and more why it must be stopped.
From The Indian Express: Each time with the GM debate, agro-business and biotech industry puts huge pressure on the Indian government to destroy food culture and replace many old nutritious-rich foods with by patented toxic monocultures. By threatening India with the GM Mustard, corporations are destroying the centre of diversity of mustard for the world.
From Business Insider: Some of us get our water for free from the tap. The rest pay for it – at the cost of roughly $US100 billion a year. But there are plenty of reasons to stop buying bottled water. Read on to find out all the things you didn’t know about your drinking water.
We must rethink the question of states, market and society. We have dismembered the state; grown the market and believed that we’ve empowered society. Slowly, the circle closed— state, market and aspiring, consuming society merged. They became one. Anyone outside this circle stopped getting counted. This cannot work. This is our future’s most important agenda.
GRAIN.org reports: The world’s largest transnational food companies are rolling out a programme promising “market-based” solutions in agriculture. Vietnam’s highlands are the showcase for ‘GROW’, a global initiative under the World Economic Forum. A closer look reveals the programme’s real objective: to expand production of a handful of high-value commodities to profit a few corporations.
“What you see in a lot of countries is a predatory capitalism, from Afghanistan to Pakistan to Australia, which show the corporations that are involved in the neo-liberal agenda, an agenda that has been implemented without really any public consent. This is happening, I would argue, almost by stealth,” says author and journalist Anthony Lowenstein.
I’ve come face to face with some of the world’s worst companies, but at the top of that list is mining giant Adani, which wants to develop one of the world’s largest coalmines in Australia, supposedly to meet demand from India. But the communities I work with patently do not want Adani or its coal.
IndiaSpend reports: Nearly 46 million people live under conditions of slavery across the world, with 18 million (39%) of those in India, home to the world’s largest number of slaves, according to the 2016 Global Slavery Index. They have lost their freedom by way of bonded and domestic labour and sexual slavery, among other means.
Now, we may disagree about the extent to which success deserves to be rewarded–but virtually all agree that wealth is created primarily at the top. In reality, it is precisely the other way around. This is one of the biggest taboos of our times– the truth that we are living in an inverse welfare state.
The total outstanding loans of public sector banks stands at Rs 6.8 lakh crores. Of this, 70% belongs to the corporate sector, whereas only 1% of the defaulters are farmers. Why’s the banking system designed to favour the rich who already have many perks, while the poor pay a higher price to sustain their livelihoods?
CBC News reports: A new report has calculated the total mass of all manmade things-from buildings to cars and computers- to be an astounding 30 trillion tons, seven times more than the total amount of living matter on Earth. It shows the sheer magnitude of the human impact on our planet, which is still growing.
Scroll reports: Twelve years and several twists and turns later, the South Korean steel major has officially withdrawn from the project. With this development, the net result of the Odisha government’s most ambitious industrialisation dream is lakhs of felled trees, thousands of promised jobs that never materialised, and frustrated villagers staring at an uncertain future.
The Wire reports: India’s environment ministry issued a notification that’s a remarkable show of partisan support to projects that have been illegally operating without environmental approvals. The document lays out a process by which illegal industrial units, mines, ports or hydro projects can be granted clearance and “brought into compliance” within the next six months.
From The Guardian: The research centres we assume to be objective, are connected with the very industry the public believes they are objectively studying. To call this conflict of interest is an understatement: many of them exist as they do only because of the fossil fuel industry. They are industry projects polished with academic credibility.
Ritwick Dutta writes: India’s Environment minister recently urged his colleagues to be wary of foreign-funded NGOs. Ironically, his own party, the ruling BJP, was held guilty by the Delhi High Court for accepting funds from Vedanta, a UK-based company accused of gross environmental and human rights violations. Other violators include Lafarge, POSCO and Coca Cola.
The Guardian reports: It’s a myth that pesticides are essential to feed a fast-growing global population, according to UN food and pollution experts. Their new report is severely critical of the global corporations that manufacture pesticides, accusing them of “systematic denial of harms”, “aggressive, unethical marketing tactics” and heavy lobbying of governments to obstruct reforms.
A wave of revulsion rolls around the world. Approval ratings for incumbent leaders are everywhere collapsing. Symbols and slogans trump facts and nuance. One in six Americans now believes that military rule would be a good idea. From all this I draw the following, peculiar conclusion: no country with a McDonald’s can remain a democracy.
A new study released by Oxfam ahead of the World Economic Forum meeting shows that just 57 billionaires in India now have same wealth ($ 216 billion) as that of the bottom 70 per cent population of the country. Globally, just 8 billionaires have the same amount of wealth as the poorest 50 per cent.
Suzanne Goldenberg reports: The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests. They range from investor-owned firms –household names such as Exxon and BP– to state-owned firms.
The digital economy is a design for atomisation, for separation… Imposing the digital economy through a “cash ban” is a form of technological dictatorship, in the hands of the world’s billionaires. Economic diversity and technological pluralism are India’s strength and it is the “hard cash” that insulated India from the global market’s crash of 2008.