The global class war

by Geoffrey P. Faux

"In The Global Class War, Jeff Faux argues that the politics of the new world market is dominated by a virtual "Party of Davos," the globe-trotting network of corporate investors and CEOs, and the politicians and journalists who work on their behalf. Clinton and his treasury secretary, Robert Rubin, and Bush and his defense secretary, Donald Rumsfeld, may use different strategies, but they promote the same globalization agenda in which the benefits go to America's corporate investors - and the costs are paid by ordinary Americans in outsourced jobs, military casualties, and an unsustainable foreign debt." "Faux shows how NAFTA, the WTO, and similar "free-trade" agreements are really deals among the global elite to rip up the social contract that allows the benefits of capitalism to be broadly shared. As the first secretary-general of the WTO admitted, they make up "the constitution of a single global economy." Its Bill of Rights protects just one citizen - the large transnational corpo