Multinational Corporations

Imperialist OctopusGood question. Julian Whitcrosse writes at

Hundreds of years ago, European colonists took possession of much of the surface of our planet through unsubtle means: murder, subjugation, and their special move, bringing horrific new diseases. Nowadays, the wealthy and powerful expand their domains less confrontationally, but the effects can still be pretty harmful. Interests in rich countries — mainly multinational corporations (MNCs) make deals with local governments to attain land for their own big-money projects, sometimes evicting locals from their traditional homes and farmland, and contributing to food insecurity. Over the past 10 years, almost 800,000 square miles of land has been bought or leased (eight times the size of Britain), mostly in Asia and Africa….

ouanaminthe_784119Wikileaks unveils an incredibly infuriating revelation, via the Nation. To sum up: desperately poor Haiti planned to raise its minimum wage from 24 cents per hour to 62 cents, angering the contractors for U.S. corporations such as Levis and Hanes, who pay slave wages to Haitians who sew our clothes. The Obama administration intervened on behalf of those companies, and bullied the Haitian government into setting the mark at 32 cents.

To put things in perspective, upping the hourly wage to 62 cents would have cost Hanes an additional $1.6 million each year. Hanesbrands turned $211 million in profit last year and CEO Richard Noll personally was paid $10 million.