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The powerful corporations

27 septembre 2004, 20:00

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lexpress.mu | Toute l'actualité de l'île Maurice en temps réel.

To fully comprehend the task ahead, we must understand the role and power of the giant corporations, which rule the USA and the world. Governments have become mere puppets in their hands. What is now happening to Mauritius Telecom, once a jewel in the crown, since its forced marriage to France Telecom, gives a clear idea of what is in store for us when globalisation and its Siamese twin, privatisation, have unchallenged sway and masterdom.

Management pundits of the Peter Drucker calibre have expressed themselves clearly on the subject. ?The largest 100 corporations hold 25 percent of the worldwide productive assets, which in turn control 75 percent of international trade and 98 percent of all foreign direct investment. The multinational corporation puts the economic decision beyond the effective reach of the political process and its decision-makers, national governments.? This simply means that political independence has become an empty word devoid of substance for colonialism has been replaced by neocolonialism, the rule of corporations. Our political leaders, especially young Jugnauth and the neoliberal Berenger, want to divert attention from real issues each time they vociferate and harangue on the virtues of patriotism.

The struggle against the stranglehold by multinational corporations is not going to be easy but it has to be done. Do or die.

How will the local bourgeoisie (old and new money) react and respond? Having most of the time seen their interests closely bound to colonialism and imperialism, their natural reflex is to seek a junior partnership with some giant and hope for the best. Disenchantment will quickly set in. Gargantuan greed is the quintessence of multinational corporations and junior partners are just little snacks. But, most importantly, besides the plunder of local resources (although a few will get their kick, package and baksheesh) there wiil be a rise in poverty, unemployment and all social problems linked with these. Life will get harder and harder leading to great instability and economic and social chaos. Repression will not work.

Can we expect the local bourgeoisie, especially the upper class, to understand that the solution to existing and forthcoming problems is a strong alliance with the people, the real lifeblood of this country. Selfishness and cupidity are a recipe for catastrophe.

This is going to be a long struggle for self-preservation and dignity. In the process, a long-outstanding problem could also be resolved. The descendants of the victims of slavery could be compensated not with cash but with land for food production.

The struggle for real freedom could also become a great moment of national solidarity and reconciliation.

Next article: A new lifestyle

<B>by Dev Virahsawmy</B>

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