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Can Corporations stop being people’s enemies?

In the current unjust Socio-Economic System, maximizing shareholder value at all costs is the motto of most corporations which creates impoverished societies. There is growing income inequality in the world with some CEOs (some developed Countries) getting 300 times more salaries than the minimum paid worker in the same company! How can it be justified, morally, ethically or from a human rights point of view?

Most multinational corporations reduce their expenses by shifting the production offshore to countries of the Global South where cheap labor and low government regulation exists. When corporations avoid paying their fair share of taxes, governments around the globe are forced to raise rates for other types of taxes (such as sales taxes) and reduce investments in public services. All this comes at a time when people worldwide are struggling with reduced purchasing power. As a result, mounting corporate riches based on cheap labor and relentless …

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Climate issue and the Rich Countries

485842-generalassemblyAs the United Nations hosts a Climate Summit Sep. 23, the lingering question is whether the meeting of world leaders will wind up as another talk fest.

It is most likely that it could go that way. The problem is that developed countries are pressuring developing countries to indicate their pledges for emissions reductions post-2020 under the Paris deal which is currently under negotiation, without any indication of whether they will provide any finance or enable technology transfer – which are current commitments under the Convention.

What is worse is that many developed countries – especially the U.S. and its allies – are delaying making their contributions to the Green Climate Fund (GCF).

The GCF was launched in 2011 and it was agreed in Cancun, Mexico in 2010 that developed countries will mobilise 100 billion dollars per year by 2020.

The GCF has yet to receive any funds that …

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