Large-scale political and economic challenges are confronting the US multi-national corporate elite. Apple, Google, Facebook, Microsoft, Pfizer and scores of other multinational tax evaders are facing the triple threat of multi-billion dollar fines, the redistribution of their wealth and the possible reintroduction of equitable socio-economic programs, which could undermine their power.
Washington-backed exporters and financiers, eager to impose free trade agreements on European and Asian business classes, have been faced with stiff resistance and outright rejection.
In Latin America, the Obama administration recently installed neo-liberal regimes in Argentina and Brazil, provoking massive opposition from small and medium sized firms driven into bankruptcy by their harsh policies.
Intense intra-capitalist rivalries are no longer confined to the conference table: Open warfare, involving large-scale transfers of capital, has undermined the foundation of international capitalist class solidarity. While working class movements and mass protests still occur, the fundamental internal capitalist antagonism toward the US Empire has become the driving force of the current upheavals.
We will identify the alignment of forces and the implications of these challenges to the power and wealth of the multi-national corporations. We will then highlight the break-up of the free trade treaties and the demise of US dominance in…