Cross-posted from “Create Real Democracy” Blog.

Ten years ago this week I marched with labor activists and environmentalists (dubbed “Teamsters and Turtles”) and indigenous people from across the world against the corporate policies of the World Trade Organization.

The famed “Battle in Seattle” that shut down the meetings wasn’t at its core about the police vs. demonstrators or even about free vs. fair trade.  It was about the power and rights of people and their elected representatives to set labor, consumer, environmental and commercial laws vs. the power of transnational corporations to abolish those laws and prevent new ones from being enacted.

The WTO’s agenda of trade liberalization and deregulation (i.e. fancy words for abolishing democratically-enacted laws passed by nations, states and regions) includes not only cars, toys, clothing and other stuff manufactured in one nation and shipped to another. Very relevant to today, it also includes a Treaty enacted under the WTO called the General Agreement on Trade in Services (GATS), which has gutted banking, financial, and insurance rules across the planet over the past decade.

Virtually unpublicized in the corporate press, WTO’s financial deregulation provisions under GATS locked in domestically, and exported internationally, the model of

Continue reading Battle in Seattle, Against Banks and For Democracy