Widespread privatization of public goods is systematically eliminating human rights protections and further marginalising the interests of low-income earners and those living in poverty, a United Nations human rights expert has said.
Top corporations continue to accrue revenues far in excess of most governments, figures compiled by Global Justice Now show. Comparing 2017 revenues, 69 of the top 100 economic entities are corporations rather than governments.
World leaders will meet in Geneva next week to start negotiating a new international law to ensure companies respect human rights and the environment in their global operations. But a lack of support from European governments is putting this vital United Nations treaty at risk.
Redistribution via the tax code, progressives on both sides of the Atlantic are realizing, only takes us so far. We need to start limiting inequality before it can dig in, writes Sam Pizzigati for Inequality.org.