By Peter Montague. But globalization is the result of intentional laws and policies devised by corporate elites. Their goal is to further insulate corporations from control by governments, to enable corporations to continue consolidating wealth and power in the hands of a few people.
Most politicians are on board.
Because TV is essential for election campaigns and because TV ads are very expensive, private wealth is now essential for election or re-election. The GATT was passed by Congress and signed by President Clinton in December 1994. The WTO makes and adjudicates rules governing international trade but WTO officers and judges are not elected, so they are not democratically accountable. Governments have lost their power to control products in ways that their citizens see fit. Under these conditions, transnational corporations would find it easier and more profitable to move investments, including production facilities, to low-wage countries.