Africa: Fighting corporate power in agriculture

The power of Transnational Corporations (TNCs) must never be underestimated. Corporate power has increased poverty and reduced many people to mere spectators in the development processes of their countries. The International Monetary Fund (IMF), the World Bank (WB) and the World Trade Organization (WTO) have been presented as the multilateral institutions designed to shape the financial and economic policies of the world “for a better life for everyone”. But they are the main architects of policies that have impoverished the third world. Corporate power has long been a global phenomenon where there is no global government accountable to the people of every country to oversee the globalisation process in a mode comparable to the national governments’ guided nationalisation processes.