Promoting neo-liberal economic policies

Neo-liberal economic policies are creating social tensions at global level similar to the ones witnessed at national level during the first stages of the industrialisation: while the number of billionaires grows, more and more people around the world find themselves in a system that offers them no place in production and no access to consumption. This desperation, combined with the free mobility of capital, provides transnational investors the best possible environment to pit workers and governments against each other. The result is a "race to the bottom" in social and environmental conditions and the dismantling of redistribution policies (progressive taxation, social security systems, reduction of working time, etc). A vicious circle is created, wherein "effective demand" concentrates increasingly in the hands of a transnational elite, while more and more people cannot meet their basic needs.