cj-6/11> G7: “Screw You, World”

1995-06-12

Richard Moore

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Date: Wed, 7 Jun 1995 22:11:47 -0400
From: Andy Oram <•••@••.•••>
To: •••@••.••• (Richard K. Moore)
Subject: Good article for Cyberjournal

I think you'd like this for your site.  It's the Final Solution all
over again.  Very scary.

Andy

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Date:         Wed, 7 Jun 1995 17:01:54 -0400
From: Vigdor Schreibman - FINS <•••@••.•••>
Subject:      Hard line from International Chamber (fwd)
To: Multiple recipients of list TPR-NE <•••@••.•••>

Jeremy Rifkin, has suggested in his book "The End of Work" (1995) that the
decline of the global work force implicitly arising from the Information
Age is setting in with unprecedented effects, including the need to find
work for millions of unemployed and underemployed individuals.  The below
message from the International Chamber of Commerce indicates how the
real-world battle is shapping up.  There are implications here for all
networkers to create the voluntary associations needed to confront and
overcome the looming crisis.  vs

---------- Forwarded message ----------
Date: Tue, 6 Jun 1995 16:22:58 -0700 (PDT)
From: D Shniad <•••@••.•••>
Subject: Hard line from International Chamber


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The Vancouver Sun             Tuesday June 6, 1995

G-7 MESSAGE

LET WORLD'S UNEMPLOYED FEND FOR SELVES, CHAMBER
SAYS

OTTAWA -- The world's business leaders want Prime
Minister Jean Chretien to deliver a tough-love
message to his G-7 counterparts in Halifax next
week.
   The major industrial countries should dismantle
their labor laws and cut social safety nets to
encourage the world's unemployed to look harder for
work and help businesses create jobs,
representatives of the International Chamber of
Commerce told Chretien during a 75-minute meeting
Monday.
   Laws that protect employees from being
dismissed, set unrealistic minimum wages and
provide overly generous social benefits "work
against job creation and must be tackled with
resolve" the chamber  said in its pre-summit brief.
   The G-7 leaders should take a "bold approach"
to tackling unemployment, it urged, noting 820
million people or about one-third of the world's
labor force is unemployed or underemployed.
   The other two key issues are the recent
volatility in world money markets and trade
protectionist threats.
   "Business is deeply disturbed that currency
turbulence is casting a menacing shadow over the
prospects for continuing buoyancy of world economic
growth and international trade," it said.
   The central banks of the industrial countries,
even when working together, don't have the muscle
to fend off the speculators in a market in which
the equivalent of $1 trillion US a day in
currencies is traded, the chamber said.
   "The real criticism of G-7 countries is that
each of them, individually, has not been doing
enough to put its own economic house in order."
   There is a "mounting fear among investors that
governments in many countries lack political will
or ability" to significantly cut their deficits.
   The business leaders also said they were
"disturbed at the current outbreak of bilateral
tensions between G-7 countries, with threats of
unilateral action and counteraction," which they
said undermine the new World Trade Organization.
   "The announced intention of a G-7 country to
impose trade sanctions under domestic law without
waiting for a ruling from the WTO risks undermining
that mechanism from the outset," the brief said in
a reference to the bitter U.S.-Japan auto trade
dispute.
   Chretien has been lobbying G-7 partners to have
the issue of money-market turmoil and reform of
international financial institutions placed at the
top of the summit agenda.
   French President Jacques Chirac -- who recently
won election on a promise to fight unemployment --
has been pushing to make that the theme of this
year's summit.
   Some summit partners fear the U.S. attempt to
pry open Japan's auto market with hefty tariffs on
Japanese luxury auto imports will overshadow over
economic issues at the summit.

     -- Southam News


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Wanda S. Ballentine
1715 Franklin Blvd.
Eugene, OR 97403-1983
503-484-2123; Fax - 484-1108
•••@••.•••

"If we do not do the impossible, we shall be faced with the unthinkable."
Murray Bookchin

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