Today is a Latin America wide day of action against the disastrous effects so-called Free Trade Agreements have had in undermining governments and the will of the people. Below is a public statement from the organizing groups, translated into English by IATP's Karen Hansen-Kuhn:
November 4: Latin America unites for democracy and against neoliberalism
The signing of Free Trade Agreements (FTA) has been the main vehicle for the globalization of the neoliberal-transnational model. Their drivers -the corporations and big media- promised wellbeing progress and development. But a quarter century later, we can say that FTAs have not met any of those promises.
To the contrary: in Latin America they have allowed the installation of extractive projects that threaten communities and the environment, have limited the action of States and have reduced the public budget, by putting corporate interests above the will of the people and life itself.
FTAs are about much more than trade among nations. Their pages include chapters on the liberalization of the services sector, protection of intellectual property and privileged conditions for foreign investors. The consequences in everyday life are categorical: rising prices of medicines, the privatization of public services such as drinking water and education, limits on access to the Internet, among others. The final effect is the deregulation of the private sector and reduction of the fiscal responsibility of businesses.
In short, free trade agreements seek to consolidate the power of transnational capital and in turn have captured the political authorities. They have even led to pressure on the environment that threatens the survival of the human species.