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Arabica Robusta

Pambazuka - Intellectual property: Pharmaceuticals, public health and subtle exploitation - 2 views

www.pambazuka.org/...69449

pharmaceutical industry pambazuka india trips intellectual property rights

shared by Arabica Robusta on 19 Dec 10 - No Cached
  • Big Pharma corporations like Pfizer, Novartis, Glaxosmithkline, - as well as over 60% of Fortune 500 multinationals, all maintain entities in Delaware, taking full advantage of ring-fenced legal and financial opacity tools. In addition to banking secrecy and zero disclosure of beneficial owners, Delaware allows for parent companies to establish holding companies within two days, producing nothing, conducting no economic activity in the state, and generally hosting just one shareholder (the parent company). Such entities, allowing the parent company to pay the newly created entity a 'fee' for use of IP, serves as a passive conduit converting taxable income to passive non-taxable profit. The entity's sole purpose is to own and 'manage' laundered income generated from IP.
  • Intentionally weak and easily circumvented global rules regulating trade facilitates considerable leeway to exploit - and misprice, the value of intangible assets. A Pfizer patent, for instance, may be worth $100 million or a $10: by and large, the company internally determines the value of IP, imputing a 'market price'.
  • Intra-company mispricing not only distorts and manipulates the proposed neoliberal concept of the market (as most efficient allocator of price and resources), but simultaneously drains developing countries of sustainable tax revenues
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Arabica Robusta

Pambazuka - The Age of Polipreneurship - 2 views

www.pambazuka.org/...69604

pambazuka corporations government politics plutocracy

shared by Arabica Robusta on 19 Dec 10 - No Cached
  • This is the case precisely because the kind of politics that has now taken a firm grip on South Africa and most other societies around our globe is embedded in a system of neoliberal capitalist social and productive relations whose prime vehicle has been business. The very essence of this system is to construct and run societies based on individualised and privatised material benefit, the ‘ethics’ of accumulative greed and self-aggrandisement as well as institutionalised injustice and inequality. 

  • Thus, when we take a critical look at the contemporary polipreneurship that has been borne out of this systemic frame, we cannot just focus on the politicians, political parties and private business sectors; we have to also look at ourselves.
  • In this reality the lines between business and politics have effectively disappeared. There is no foundational difference between: Premier Foods colluding to fix the bread price (and then using their corporate and monetary power to make sure that they mostly get away with it); and, the ANC and its leaders colluding to ensure their self-constructed ‘investment’ vehicle - Chancellor House - directly benefits from government mining policies (and then using their political and institutional power to arrogantly dismiss any wrongdoing and also get away with it).

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  • In our polipreneur age, the mandarins of capitalist politics and capitalist business have perfected the art of creating a sustained symbiosis between the private and the public ‘interest’. They have been able to achieve this because most of those who organisationally and institutionally represent the ‘public interest’ at various levels of governance as well as ever-increasing numbers of ordinary people have personally imbibed and institutionally integrated the ‘traditions, cultures and values’ of their business counterparts. In the process, the measurement of what is ‘successful’ and of what is ‘good for society’ has become almost completely delinked from the historic and popular struggle for a universally conceived but mainly nationally practiced, collective human solidarity and benefit. 

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Arabica Robusta

TRADE: "Poor Countries Have Already Given Enough in Doha Round" - IPS ipsnews.net - 7 views

ipsnews.net/news.asp

trade international doha wto neoliberal corporate globalization

shared by Arabica Robusta on 20 Feb 11 - No Cached
  • The EU, for example, said there is "asymmetry" in what they are going to provide in agriculture and what they are going to receive in industrial goods and services as part of the Doha commitments.
  • U.S. trade representative Ron Kirk maintained that the emerging countries bear the responsibility to conclude the Doha trade negotiations. He said the U.S. faces high unemployment, which requires real market access to big emerging developing countries.
  • Despite a clear mandate on cotton, which needs to be addressed "ambitiously," "expeditiously," and "specifically" according to July 2004 framework agreement and the Hong Kong Ministerial Declaration of 2005, there is no progress because the U.S. wants to address this issue only after there is an agreement in all other areas.
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  • "It is difficult to believe that countries which managed to get a range of exceptions in agricultural market access want the developing countries to offer more on industrial goods and services," Davies said, arguing that those who are asking for more should also pay more in areas of interest to South Africa and other African countries
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