We need to urge our government to do the following:
Re-formulate all international trade relations and commerce as currently upheld by the North American Free Trade Agreement (NAFTA), the World Trade Organization (WTO), the International Monetary Fund (IMF) and World Bank (WB) to protect the labor, human rights, economy, environment and domestic industry of partner and recipient nations. This is so growth of local industry and agriculture has the advantage over foreign corporate domination. The U.S. government should call for replacing the WTO, IMF, and World Bank with new institutions that are democratic, transparent, and accountable to the citizens of all nations.
While the IMF and World Bank still exist in their current forms, re-structure the rules of performance of the IMF/WB to end the debts of recipient nations, prohibit the use of IMF/WB loans to impose structural adjustment programs that emphasize debt service and export-led development at the expense of social needs. We need to install strict standards in the IMF/WB that control the use of grants or loans to prevent fraud, misuse, and subversion of funds by recipient governments.
Re-write the rules for investment of corporate capital in projects operated under the IMF/WB to guarantee the rights of the citizens of the nations receiving the investment and their right to public ownership and control of their own resources.
Mandate and protect labor's right to organize, create unions and negotiate with management in all countries receiving U.S. investment. We must guarantee their right to public ownership and control of their own resources.
Legislate and enable oversight by an independent agency or a labor union to verify that foreign workers' rights are protected.
At home, secure the rights of our states to establish stricter standards for health, safety, and for the environment than those of our national government, and to protect themselves against substandard, imported goods.
Secure the right of states and municipalities to refuse to invest in foreign businesses that do not abide by their standards for imported goods, fair trade, and environmental protection.
Prohibit U.S. corporations from avoiding or evading payment of their taxes by banking abroad or locating their charters offshore.
Restrict the unfettered flow of capital and currency trade, and levy the Tobin tax of .05% on cross border currency transactions. Every day over $1 trillion dollars circles the globe in currency trade—wreaking havoc on low-economy nations —without obligation to sustainable investment.
Support the funding and expansion of non-governmental organizations (NGOs) in their missions to educate and train people of less developed nations in initiating local business and economic development, and in providing health care and family planning.
Under the agency of the United Nations, we demand that our government renew and initiate government funding and support for family planning, contraception, and abortion in all countries that request it.
We must reject the U.S. government's economic blockade of Cuba. We should demand the U.S. Congress lift the embargo and restore normal diplomatic relations and respect for national sovereignty. We must demand that the U.S. government end its veto of U.N. resolutions pertaining to Cuba.
We must also oppose U.S. economic sanctions against other countries because they have a different economic system, refuse to bow to U.S. demands outside of Internation Law violations, or won't allow unfettered access of their nation's resources and people by Multi-National Corporations.
Michael E. Kerr