With Bush telling Tony Blair to expect no favors (he wants "to move beyond the Kyoto debate") and Bob Geldof fearful that all his efforts will end in a "grotesque failure", some wider perspective on the G8 from George Monbiot of the Guardian:
The G8 leaders have seized this opportunity with both hands. Multinational corporations, they argue, are not the cause of Africa's problems but the solution. From now on they will be responsible for the relief of poverty.
They have already been given control of the primary instrument of US policy towards Africa, the African Growth and Opportunity Act. The act is a fascinating compound of professed philanthropy and raw self-interest. To become eligible for help, African countries must bring about "a market-based economy that protects private property rights", "the elimination of barriers to United States trade and investment" and a conducive environment for US "foreign policy interests". In return they will be allowed "preferential treatment" for some of their products in US markets.
Few would deny that one of the things Africa needs is investment. But investment by many of our multinationals has not enriched its people but impoverished them. The history of corporate involvement in Africa is one of forced labour, evictions, murder, wars, the under-costing of resources, tax evasion and collusion with dictators. Nothing in either the Investment Climate Facility or the Growth and Opportunity Act imposes mandatory constraints on corporations. While their power and profits in Africa will be enhanced with the help of our foreign-aid budgets, they will be bound only by voluntary commitments: of the kind that have been in place since 1973 and have proved useless.
Just as Gordon Brown's "moral crusade" encourages us to forget the armed crusade he financed, the state-sponsored rebranding of the companies working in Africa prompts us to forget what Shell has been doing in Nigeria, what Barclays and Anglo American and De Beers have done in South Africa, and what British American Tobacco has done just about everywhere. From now on, the G8 would like us to believe, these companies will be Africa's best friends. In the name of making poverty history, the G8 has given a new, multi-headed East India Company a mandate to govern the continent.Without a critique of power, our campaign, so marvellously and so disastrously inclusive, will merely enhance this effort. Debt, unfair terms of trade and poverty are not causes of Africa's problems but symptoms. The cause is power: the ability of the G8 nations and their corporations to run other people's lives. Where, on the Live 8 stages and in Edinburgh, was the campaign against the G8's control of the World Bank, the International Monetary Fund and the UN? Where was the demand for binding global laws for multinational companies?
At the Make Poverty History march, the speakers insisted that we are dragging the G8 leaders kicking and screaming towards our demands. It seems to me that the G8 leaders are dragging us dancing and cheering towards theirs.
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