What are the risks of deregulation?
In order to view the videos online at Big Picture TV, you need to install the Macromedia Flash Player 8 (or later) and have Javascript enabled in your browser.
About the video: ‘What are the risks of deregulation?’
John Cavanagh expresses his concerns about the lack of constraints on the United States or on the power of global corporations. Historically, corporations were more accountable because they were smaller and operated locally or regionally. The process of becoming national and then global (aided by advances in communications technology) has removed multinationals from any real accountability. Corporations are so powerful that they can effectively blackmail governments and play countries off against each other in order to maximize profits.
Total views: 2,641
Filmed: Washington DC, USA on 13 April 2005
Credits: Interviewer - Marcus Morrell Camera and Editor - Marcus Morrell
Copyright © 2005 Big Picture TV
About John Cavanagh
John Cavanagh is the Director of the Institute for Policy Studies in Washington DC (since 1998). Formerly an economist with UNCTAD and the WHO, he co-founded the International Forum on Globalization (IFG) in 1995. He also sits on the executive committees of the US-based Alliance for Responsible Trade and the Citizens’ Trade Campaign and works closely with the Progressive Caucus of the US Congress. He is the co-author of numerous books and articles on globalization, corporate accountability and international labour rights.
His latest book is “Development Redefined: How the Market Met Its Match (International Studies Intensives) ” written together with Robin Broad.
Other videos with John Cavanagh
John Cavanagh
Are corporations too powerful?
John Cavanagh gives examples of ways in which global corporations have set the world’s financial institutions – the IMF, World Bank and WTO (formerly GATT). Oil companies…
Recorded: 13 April 2005
John Cavanagh
What impacts has globalization had?
John Cavanagh looks at the history of economic globalization. He believes we are emerging from a “dark age” of the 1980s and 1990s, which saw the rise of what George…
Recorded: 13 April 2005
John Cavanagh
Are there any alternatives to economic globalization?
John Cavanagh examines the arguments that came from corporate globalizers back in 1980s. Their message is no longer convincing. The rules by which corporations and financial institutions…
Recorded: 13 April 2005
John Cavanagh
What does it mean to be a consumer?
John Cavanagh highlights the power that individuals possess as consumers, workers, investors and citizens by the choices that they make. He points to the success of the fair trade…
Recorded: 13 April 2005
John Cavanagh
What will the future of globalization look like?
John Cavanagh sees hope in the development of a more benign form of globalization. He suggests that there are two main ways in which positive change continues to manifest itself.…
Recorded: 13 April 2005
Related videos
Amy Goodman
Does it matter that multinational corporations own the media?
Amy Goodman describes how independent news and analysis can help hold commercial media channels accountable. Their power must be checked, she says. This is especially important…
Recorded: 5 November 2005
Robert F Kennedy Jr
Can the free market work for the environment?
Speaking at the NRDC’s “Earth to L.A.” fundraiser, Robert F. Kennedy talks about the failures of America’s free market. Capitalism, and the democratic ideals…
Recorded: 6 May 2004
Paul Rice
Does Fair Trade work?
Paul Rice talks about how fair trade can help align the interests of corporations and small farmers without sacrificing profitability. As companies look to reduce costs in an increasingly…
Recorded: 27 March 2006
Eric Schlosser
Is deregulation a good thing?
In the US, the attitude of government towards controlling corporations changes from administration to administration. Periods of greater or lesser regulation result. Schlosser believes…
Recorded: 28 October 2006
Frank Dixon
Is our economic system flawed?
Frank Dixon elaborates on why he thinks our present economic and political systems incentivize to do business in irresponsible ways. He describes how these systems can be changed…
Recorded: 20 May 2004
Helena Norberg-Hodge
What does economic globalization entail?
Helena Norberg-Hodge talks about globalization. She explains how governments across the political spectrum pander to private sector demands, often at the expense of smaller businesses.…
Recorded: 1 September 2002
