Economy

Three huge free trade deals are being negotiated right now, that will sacrifice workers' rights, health care and the environment across much of the world on the altar of corporate profits. The Trans-Pacific Partnership Agreement (TPP), Trade in Services Agreement (TISA) and Transatlantic Trade and Investment Partnership (TTIP) are being negotiated in secret, with privileged access for selected corporations.

The world has been focused on the spectacle of the “Troika” of the International Monetary Fund, European Union and the European Central Bank crushing the Greek people, but it is far from the only example of strong nations using a “debt crisis” to extract more wealth from those that are weaker. A case in point is the US colony of Puerto Rico. In a June 28 New York Times interview, the governor of the Caribbean archipelago nation declared its debt of US$73 billion “is not payable. There is no other option. I would love to have an easier option. This is not politics. This is math.”

Protests took place in 14 cities in Germany on July 16 against the German government’s aggressive treatment of the Greek crisis and in solidarity with their European Mediterranean neighbours.

The Greek parliament passed a second bill on July 23 including measures needed for Greece to open negotiations over the eurozone's bailout package of 86 billion euros, TeleSUR English said that day.

Battlers & Billionaires: The Story of Inequality in Australia Andrew Leigh Black Inc. Books, 2013 210 pages, $19.99 (pb) In Australia, notes economist and Labor MP Andrew Leigh, the poorest 20% of the population own just 1% of total household wealth. The top 20%, however, hog a fat 62%.

An event of profound importance took place in Brussels on July 12. The significance of the European summit negotiations extends well beyond the immediate — and devastating — consequences for the people of Greece. The fallout will not just affect the stability of the Greek government and the political future of SYRIZA and Prime Minister Alexis Tsipras.

Guatemala: UN says corporate positioning of river 'ecocide' The United Nations said 23 species of fish and 21 species of birds, reptiles and mammals in Guatemala's Pasion River have been affected by contamination caused by industrial African oil palm production, TeleSUR English said.

If a Catalan Rip Van Winkle were to wake up today after a sleep of only six years, his disorientation with Catalonia would be as great as that of the original Rip Van Winkle after he dozed right through the American War of Independence. “Am I hallucinating?” he might ask, struggling to find the right answer to questions like:

When Bolivian President Evo Morales announced in May that his government was allowing oil and gas drilling in national parks, mainstream and progressive media outlets alike were quick to condemn his supposed hypocrisy on environmental issues. Writing for the Associated Press, Frank Bajak argued that although Morales is known internationally for his outspoken campaigning on climate change, at home he faces constant criticism from conservationists “who say he puts extraction ahead of clean water and forests”.

Internationally renowned US intellectual Noam Chomsky told Mexican newspaper La Jornada on July 20 that it was because Washington was becoming increasingly isolated from “their own backyard” of Latin America, that the US decided to normalise relations with Cuba. Chomsky said the fourth Summit of the Americas of 2012 in Colombia was a major turning point for the US. It saw itself, along with Canada, completely marginalised from all the crucial issues being debated — including Cuba.

Opposition to Shenhua Watermark’s unpopular $1.2 billion open-cut coal mine, proposed for the Liverpool Plains in the north-west of NSW, is growing. The Coalition cabinet is split, as are NSW and federal National Party MPs. Federal agriculture minister Barnaby Joyce, who is fighting to hold his New England seat, opposes the mine. His cabinet colleague, federal environment minister Greg Hunt, signed the mine’s approval on July 4.

The union movement’s opposition to the China Australia Free Trade Agreement (ChAFTA) has ratcheted up since the agreement was signed in Canberra on June 17. ChAFTA allows for 95% of Australian exports to China to be tariff free. These will include many agricultural products, including beef and dairy. In addition, there will be liberalisation of market access for the Australia's services sector, and investments by private companies from China under A$1.078 billion will not be subject to Foreign Investment Review Board approval.