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OpEdNews Op Eds    H3'ed 5/1/14

The Aussie Big Four, Third World Land Grabs and Ethical Capitalism

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Lionel Reynolds
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What's the solution? The Oxfam report recommends that the banks commit to ensuring justice for the affected communities and that they should demonstrate zero tolerance for land grabs. It would obviously be a positive outcome if these recommendations were enacted. But there is a broader issue. Ultimately, global economic justice will never be realised by relying on the very corporations and states that are the big winners in a global capitalist system that is organically driven by exploitation.

The way forward for the Third World proletariat and peasantry isn't to rely on the ethical good-will of the imperialist nations, their corporations, or their juridical and governance systems. It is to delink from the core-periphery imperialist world-system - a system that transfers value from the periphery to the core and maintains the periphery in a state of dependence on the core. Once delinked, Third World nations should build their own social and economic system, one that prioritises the basic needs of their own people - food, water, shelter, health, education - over the capital accumulation needs of global capitalism.

Click here for the full Oxfam report.

Lionel Reynolds writes the www.dispatchesfromempire.com blog.

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Lionel Reynolds is an independent analyst who maintains the Dispatches From the Empire blog www.dispatchesfromempire.com

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