Opinion – The gathering financial storm is just one effect of corporate power unbound | George Monbiot | Comment is free | The Guardian – John Gelmini

Dr Alf is right, George Monbiot is at it again, scaremongering and creating lurid headlines about matters where he is inexpert.

To begin with, I suggest that the man is economically illiterate, and he proposes that large areas of perfectly good farmland which support sheep which give us food and wool should be turned over to wolves and lynx in a “rewilding process”. Obviously this would put people out of work and make us more dependent on imported food which means that there would be more shipping movements, more “food miles” and more pollution—All things he claims to be against as an “environmentalist” with “green credentials”.

He favoured the flooding of the Somerset levels and is against nuclear power which would mean no spare generating capacity (we have a 1.1% margin of supply over demand ) which means that the lights would go off in winter and hundreds of thousands of people would be laid off put on short time and put out of work altogether. This would cause an actual as opposed to the “gathering ” financial storm but still this eccentric is allowed to spout nonsense.

The Guardian newspaper, which is owned by Guardian Media Services Group, is an example of arch tax avoidance which uses the same complex avoidance structure as another multinational, Tesco PLC which the Guardian is always criticising for tax avoidance. We hear nothing about this from George Monbiot or Polly Toynbee and his fellow Guardianistas but have to turn to the satirical magazine “Private Eye” to discover that this campaigning newspaper is as bad if not worse than the multinationals and transnationals they lambast.

The proposed free trade agreement, which is being negotiated in secret is not necessarily an overall good thing but until we see what’s in it. We are therefore speculating, something George Monbiot is very good at.

To begin with, if a multinational is above the law and the ability of Governments to reign them in by force of law, they are not immune to consumer power in that they are not monopolies with which people are compelled to deal. People can and will vote with their feet and even if a company is powerful, a damaged brand (think VW, Talk Talk, the banks) they are not obliged to buy its shares or its products.

Institutional shareholders want returns but they also want social responsibility and people harmed by pollution or physical damage caused by a company’s activities will be able to seek redress in the courts unless of course we have a dictatorship with no newspapers or media at all to report on anything. Those institutional shareholders are also worried about reputational risk which is why they employ people like Bell Pottinger to protect themselves and why they remove “toxic” CEO’s who cannot perform or will not perform.

Based on this article, I propose that perhaps the George Monbiots of this world should be placed in a “rewilded” area, possibly along some of our more hardened and persistent miscreants and left to the wolves and lynx that he seems to love so much.

John Gelmini

The gathering financial storm is just one effect of corporate power unbound | George Monbiot | Comment is free | The Guardian

According to George Monbiot in the Guardian, governments are liberating global corporations from the rule of law and leaving them to rip the world apart.

Source: The gathering financial storm is just one effect of corporate power unbound | George Monbiot | Comment is free | The Guardian

Personally, I find Monbiot’s writing biased, short on evidence and full of political hype. I sense that he’s probably drumming up attention for his next book.

Whether it’s the SEC in New York or the bureaucrats in Brussels, big corporates are increasingly wary.

Of course, capitalism and neoliberalism have many problems but I challenge the Guardian to provide evidence of a better system?