Tag Archives: Cumberland Basin

CANTONESE KOWTOW WITH FRIED REES

The Reverend’s latest international junket in December to the Fortune 500 Global Forum in our human rights abusing twin city of Guangzhou in southern China raised a few eyebrows when the Reverend went armed with a top secret SALES BROCHURE.

Among the dazzling “opportunities” being offered to the high priests of global capital was a £2.5 BILLION chance to build the Rev an underground rail system (since recosted a month later for no apparent reason at £4.5 BILLION) and another MULTI-BILLION opportunity to create a corporate glass, steel and concrete tower block hell all over the Cumberland Basin.

The Rev’s brochure also offered some CHEAPER and more appetising deals such as building PROFITABLE homes for 5,000 economically negligible students and promoted the city’s high cost private rental sector as an excellent INVESTMENT OPPORTUNITY for any circling vultures of global capital.

Just to be clear, the Fortune 500 Global Forum was a meeting of international corporate business leaders seeking Chinese investment into their unreconstructed corporate globalisation project on the model that spectacularly FAILED in 2007, crashed the banks and created austerity.

Some characteristics of this project include use of CHEAP flexible labour; SYSTEMATIC tax avoidance; ‘light touch’ and/or self-regulation; RIGGED ‘free’ markets, asset stripping, privatisation, rent seeking, environmental destruction, MASS TRANSFER of labour and capital across international borders and financial and economic DOMINANCE by hedge funds and sovereign wealth funds. All overseen by transnational and democratically unaccountable bodies.

Surely Labour should be protecting Bristol from the threats of international high finance not inviting them to set up shop here?