Multilateral Agreement on Investments (MAI)
" The purpose of MAI-type agreements
is to remove virtually all barriers to investment by corporations.
Foreign investors would be required to be treated the same as
So while the MAI-and now its clones-would
threaten nearly every public sector of national economies such
as health care, education, and culture, government spending for
the military weapons development and production, and direct support
for weapons corporations are excluded from the liberalizing demands
of such an agreement.
NAFTA mechanisms, as well as the WTO, IMF,
and World Bank are totally / undemocratic, with no access by the
people. They are run by the nations with the greatest wealth,
the U.S. in the first place-with the corporations and banks pulling
So it is clear that the new world order of
the free market promises further erosion of the U.N., more wars,
destruction of sovereignty, elimination of social programs for
the people, increasing poverty and joblessness, and the demise
of democracy. "
CovertAction Quarterly, Fall / Winter, 1999,