Showing posts with label Corporate Takeovers. Show all posts
Showing posts with label Corporate Takeovers. Show all posts

Tuesday, April 13, 2010

Making a killing from hunger

http://www.grain.org/articles/?id=39

For some time now the rising cost of food all over the world has taken households, governments and the media by storm. The price of wheat has gone up by 130% over the last year.[1] Rice has doubled in price in Asia in the first three months of 2008 alone,[2] and just last week it hit record highs on the Chicago futures market.[3] For most of 2007 the spiralling cost of cooking oil, fruit and vegetables, as well as of dairy and meat, led to a fall in the consumption of these items. From Haiti to Cameroon to Bangladesh, people have been taking to the streets in anger at being unable to afford the food they need. In fear of political turmoil, world leaders have been calling for more food aid, as well as for more funds and technology to boost agricultural production. Cereal exporting countries, meanwhile, are closing their borders to protect their domestic markets, while other countries have been forced into panic buying. Is this a price blip? No. A food shortage? Not that either. We are in a structural meltdown, the direct result of three decades of neoliberal globalisation.

Farmers across the world produced a record 2.3 billion tons of grain in 2007, up 4% on the previous year. Since 1961 the world’s cereal output has tripled, while the population has doubled. Stocks are at their lowest level in 30 years, it’s true,[4] but the bottom line is that there is enough food produced in the world to feed the population. The problem is that it doesn’t get to all of those who need it. Less than half of the world’s grain production is directly eaten by people. Most goes into animal feed and, increasingly, biofuels – massive inflexible industrial chains. In fact, once you look behind the cold curtain of statistics, you realise that something is fundamentally wrong with our food system. We have allowed food to be transformed from something that nourishes people and provides them with secure livelihoods into a commodity for speculation and bargaining. The perverse logic of this system has come to a head. Today it is staring us in the face that this system puts the profits of investors before the food needs of people.

Market realities

The policy makers who have shaped today’s world food system – and who are supposed to be responsible for averting such catastrophes – have come out with a number of explanations for the current crisis that everyone has heard over and over again: drought and other problems affecting harvests; rising demand in China and India where people are supposedly eating more and better than in the past; crops and lands being massively diverted into biofuel production; and so on. All of these issues, of course, are contributing to the current food crisis. But they do not account for the full depth of what is happening. There is something more fundamental at work, something that brings all these issues together, and which the world’s finance and development chiefs are keeping out of public discussion.

Nothing that the policy makers say should obscure the fact that today’s food crisis is the outcome of both an incessant push towards a “Green Revolution” agricultural model since the 1950s and the trade liberalisation and structural adjustment policies imposed on poor countries by the World Bank and the International Monetary Fund since the 1970s. These policy prescriptions were reinforced with the establishment of the World Trade Organisation in the mid-1990s and, more recently, through a barrage of bilateral free trade and investment agreements. Together with a series of other measures, they have led to the ruthless dismantling of tariffs and other tools that developing countries had created to protect local agricultural production. These countries have been forced to open their markets and lands to global agribusiness, speculators and subsidised food exports from rich countries. In that process, fertile lands have been diverted away from serving local food markets to the production of global commodities or off-season and high-value crops for Western supermarkets. Today, roughly 70% of all so-called developing countries are net importers of food.[5] And of the estimated 845 million hungry people in the world, 80% are small farmers.[6] Add to this the re-engineering of credit and financial markets to create a massive debt industry, with no control on investors, and the depth of the problem becomes clear.

Agricultural policy has completely lost touch with its most basic goal of feeding people. Hunger hurts and people are desperate. The UN World Food Programme estimates that recent price hikes have meant that an additional 100 million people can no longer afford to eat adequately.[7] Governments are frantically seeking shelter from the system. The fortunate ones, with export stocks, are pulling out of the global market to cut their domestic prices off from the skyrocketing world prices. With wheat, export bans or restrictions in Kazakhstan, Russia, Ukraine and Argentina mean that a third of the global market has now been closed off. The situation with rice is even worse: China, Indonesia, Vietnam, Egypt, India and Cambodia have banned or severely restricted exports, leaving just a few sources of export supply, mainly Thailand and the US. Countries like Bangladesh can’t buy the rice they need now because the prices are so high. For years the World Bank and the IMF have told countries that a liberalised market would provide the most efficient system for producing and distributing food, yet today the world’s poorest countries are forced into an intense bidding war against speculators and traders, who are having a field day. Hedge funds and other sources of hot money are pouring billions of dollars into commodities to escape sliding stock markets and the credit crunch, putting food stocks further out of poor people’s reach.[8] According to some estimates, investment funds now control 50–60% of the wheat traded on the world’s biggest commodity markets.[9] One firm calculates that the amount of speculative money in commodities futures – markets where investors do not buy or sell a physical commodity, like rice or wheat, but merely bet on price movements – has ballooned from US$5 billion in 2000 to US$175 billion to 2007.[10]

The situation today is untenable. Look at Haiti. A few decades ago it was self-sufficient in rice. But conditions on foreign loans, particularly a 1994 package from the IMF, forced it to liberalise its market. Cheap rice flooded in from the US, backed by subsidies and corruption, and local production was wiped out.[11] Now prices for rice have risen 50% since last year and the average Haitian can’t afford to eat. So people are taking to the streets or risking their lives to journey by boat to the US. Food protests have also erupted in West Africa, from Mauritania to Burkina Faso. There, too, structural adjustment programmes and food-aid dumping have destroyed the region’s own rice production, leaving people at the mercy of the international market. In Asia, the World Bank constantly assured the Philippines, even as recently as last year, that self-sufficiency in rice was unnecessary and that the world market would take care of its needs.[12] Now the government is in a desperate plight: its domestic supply of subsidised rice is nearly exhausted and it cannot import all it needs because traders’ asking prices are too high.

Making a killing from hunger

The truth about who profits and who loses from our global food system has never been more obvious. Take the most basic element of food production: soil. The industrial food system is a chemical-fertiliser junkie. It needs more and more of the stuff just to keep alive, eroding soils and their potential to support crop yields in the process. In the current context of tight food supplies, the small clique of corporations that control the world’s fertiliser market can charge what they want – and that’s exactly what they are doing. Profits at Cargill’s Mosaic Corporation, which controls much of the world’s potash and phosphate supply, more than doubled last year.[13] The world’s largest potash producer, Canada’s Potash Corp, made more than US$1 billion in profit, up more than 70% from 2006.[14] Panicking now about future supplies, governments are becoming desperate to boost their harvests, giving these corporations additional leverage. In April 2008, the joint offshore trading arm for Mosaic and Potash hiked the price of its potash by 40% for buyers from Southeast Asia and by 85% for those from Latin American. India had to pay 130% more than last year, and China 227% more.[15]

Table 1. Profit increase for some of the world’s largest fertiliser corporations


Company

Profits 2007 (US$ million)

Increase from 2006
(%)

Potash Corp (Canada)

1,100

72%

Yara (Norway)

1,116

44%

Sinochem (China)

1,100

95%

Mosaic (US)

708

141%

ICL (Israel)

535

43%

K + S (Germany)

420

2.8%

Source: Compiled from corporate reports

While big money is being made from fertilisers, it is just a sideline for Cargill. Its biggest profits come from global trading in agricultural commodities, which, together with a few other big traders, it pretty much monopolises. On 14 April 2008, Cargill announced that its profits from commodity trading for the first quarter of 2008 were 86% higher than the same period in 2007. “Demand for food in developing economies and for energy worldwide is boosting demand for agricultural goods, at the same time that investment monies have streamed into commodity markets,” said Greg Page, Cargill’s chairman and chief executive officer. “Prices are setting new highs and markets are extraordinarily volatile. In this environment, Cargill’s team has done an exceptional job measuring and assessing price risk, and managing the large volume of grains, oilseeds and other commodities moving through our supply chains for customers globally.”[16]

Table 2. Profit increase for some of the world’s largest grain traders


Company

Profits 2007 (US$ million)

Increase from 2006 (%)

Cargill (US)

2,340

36%

ADM (US)

2,200

67%

ConAgra (US)

764

30%

Bunge (US)

738

49%

Noble Group (Singapore)

258

92%

Marubeni (Japan)

90*

43%*

Source: Compiled from corporate reports
*Data is for Marubeni’s Agri-Marine division only.

Absent from this list is Louis Dreyfus (France), a private agricultural commodities trader with annual sales in excess of US$22 billion, which does not report its profits.

Managing and assessing are not so difficult for a company like Cargill, with its near monopoly position and a global team of analysts the size of a UN agency. Indeed, all of the big grain traders are making record profits. Bunge, another big food trader, saw its profits of the last fiscal quarter of 2007 increase by US$245 million, or 77%, compared with the same period of the previous year. The 2007 profits registered by ADM, the second largest grain trader in the world, rose by 65% to a record US$2.2 billion. Thailand’s Charoen Pokphand Foods, a major player in Asia, is forecasting revenue growth of 237% this year.

The world’s big food processors, some of which are commodity traders themselves, are also cashing in. Nestlé’s global sales grew 7% last year. “We saw this coming, so we hedged by forward-buying raw materials”, says François-Xavier Perroud, Nestlé’s spokesman.[17] Margins are up at Unilever, too. “Commodity pressures have increased sharply, but we have successfully offset these through timely pricing action and continued delivery from our savings programmes”, says Patrick Cescau, Group CEO of Unilever. “We will not sacrifice our margins and market share.”[18] The food corporations don’t seem to be making these profits off the back of the retailers. UK supermarket Tesco reports profits up 12.3% from last year, a record rise. Other major retailers, such as France’s Carrefour and the US’s Wal-Mart, say that food sales are the main factor sustaining their profit increases.[19] Wal-Mart’s Mexican division, Wal-Mex, which handles a third of overall food sales in Mexico, reported an 11% increase in profits for the first quarter of 2008. (At the same time Mexicans are demonstrating in the streets because they can no longer afford to make tortillas.[20])

It seems that nearly every corporate player in the global food chain is making a killing from the food crisis. The seed and agrochemical companies are doing well too. Monsanto, the world’s largest seed company, reported a 44% increase in overall profits in 2007.[21] DuPont, the second-largest, said that its 2007 profits from seeds increased by 19%, while Syngenta, the top pesticide manufacturer and third-largest company for seeds, saw profits rise 28% in the first quarter of 2008.[22]

Such record profits have nothing to do with any new value that these corporations are producing and they are not one-off windfalls from a sudden shift in supply and demand. Instead, they are a reflection of the extreme power that these middlemen have accrued through the globalisation of the food system. Intimately involved with the shaping of the trade rules that govern today’s food system and tightly in control of markets and the ever more complex financial systems through which global trade operates, these companies are in perfect position to turn food scarcity into immense profits. People have to eat, whatever the cost.

The urgent need for a policy rethink

The larger backdrop to this perverse food market situation is the global financial system, which is now teetering on its flimsy axis. What began as a localised housing loan collapse in the US in 2007 has unravelled into something far more serious, as people realise that the emperors of the global financial system have no clothes. The world economy is living on debt that no one can pay. While central bankers and Lear jet executives try to patch the holes and restore confidence, the underlying truth is that the system is close to bankruptcy and no one in power wants to take the necessary tough measures: not the IMF, nor the World Bank, nor the leaders of the world’s most powerful nations. Not much more than public relations glitter can be expected from the G8 meeting in June.

Similar problems lie at the heart of the food crisis: an ideologically driven elite has forced countries to wrench open markets and let the free market run, so that a few megacorporations, investors and speculators can take huge payoffs. Many countries have lost that most basic power: the ability to feed themselves. This loss, coupled with the corruption that plagues our countries and trading systems, shows that neoliberalism has lost any legitimacy that it might once have had. It is a measure of how out of touch these ideologues are that many now openly call for more trade liberalisation as a solution to the food crisis, with some even proposing that the rules of the WTO be changed to prevent countries from imposing export restrictions on food.[23]

The World Bank president, Robert Zoellick, has tried to win the world over with his call for a “New Deal” to solve the hunger crisis, but there is nothing new about it: he calls for more trade liberalisation, more technology and more aid. Today’s food crisis is the direct result of decades of these policies, which must now be rejected. While immediate action is necessary to lower food prices and to get food to those who need it, we also need radical changes in agricultural policy so that small farmers around the world gain access to land and can make a living from it. We need policies that support and protect farmers, fishers and others to produce food for their families, for the local markets and for people in cities, rather than money for an abstract international commodity market and a tiny clan of corporate boardroom executives. And we need to strengthen and promote the use of technologies based on the knowledge and in the control of those who know how to grow food. To put it another way, we need food sovereignty, now – the kind that is defined and driven by small farmers and fisherfolk themselves.

Social movements around the globe have been struggling to promote such a reversal of strategy, only to be dismissed as unrealistic and backward by those in power, and often violently repressed. The glimmer of hope in this crisis is that the situation can be reversed. Peasant organisations have concrete proposals about what needs to be done to resolve the crisis in their countries, and governments should listen to what they are saying. Already some governments are talking of a policy change towards food self-reliance.[24] Others are starting to question the fundamental rationale of pushing for more free trade. Neoliberal hawks at the top of the global food policy pyramid have lost whatever credibility they may think they once had. It is time for them to move out of the way so that the visions of food sovereignty and agrarian reform that come from the grassroots can take their place and get us out of this hellish mess.


Going further:


References

1 Bloomberg, quoted by the BBC, London, 14 April 2008, http://news.bbc.co.uk/2/hi/business/7344892.stm

2 BBC, “Action to meet Asian rice crisis”, London, 17 April 2008, http://news.bbc.co.uk/2/hi/business/7352038.stm

3 See http://www.riceonline.com for daily reports. With many Asian rice exporters out of the game, needy countries from Asia and Africa are turning to the US market where prices are going through the roof.

4 Brian Halweil, “Grain harvest sets record, but supplies still tight”, Worldwatch Institute, Washington DC, http://www.worldwatch.org/node/5539

5 Katarina Wahlberg, “Are we approaching a global food crisis?”, World Economy & Development in Brief, Global Policy Forum, 3 March 2008,

6 Food policy expert interviewed on Radio France International, Paris, 20 April 2008.

7 “UN food chief urges crisis action,” BBC, London, 22 April 2008, http://news.bbc.co.uk/2/hi/americas/7360485.stm

8 Sinclair Stewart and Paul Waldie, “U.S. food producers, speculators square off”, Globe and Mail, Toronto, 23 April 2008,

9 Ibid. and Paul Waldie, “Why grocery prices are set to soar”, Globe and Mail, Toronto, 24 April 2008,

10 Paul Waldie, “Why grocery prices are set to soar”, op cit.

11 Bill Quigley, “USA role in Haiti hunger riots”, ZNet, US, 23 April 2008,

12 World Bank, “Can the world market for rice be trusted”, Box 1 on p. 52 of “Philippines: Agriculture Public Expenditure Review,” Technical Paper, World Bank, Washington DC, 2007, http://go.worldbank.org/TGRSK19300

13 Potash and phosphates are two of the main ingredients in chemical fertiliser.

14 David Ebner, “Saskatchewan: A lot more than wheat” Globe and Mail, Toronto, 11 April 2008,

15 John Partridge and Andy Hoffman, “China deal sends Potash soaring” Globe and Mail, Toronto, 17 April 2008,

16 “Cargill income up sharply in third quarter”, World Grain, Kansas City, 14 April 2008,

17 “Tightening belts,” The Economist, London, 10 April 2008,

18 Jonathan Sibun, “Unilever profits surge despite price pressures,” Daily Telegraph, London, 3 November 2007, http://tinyurl.com/6p8tcx; and, “Get set for more price hikes: Unilever chief,” Business Standard, India, 16 March 2008, http://tinyurl.com/694cqn

19 Foo Yun Chee, “Major European retailers post higher profits for 2007,” Reuters, 6 March 2008, www.iht.com/articles/2008/03/06/business/RETAIL.php

20 Associated Press, “Wal-Mart de Mexico’s 1Q profits rise 11 percent on higher sales, cost controls,” 8 April 2008,

21 Monsanto, Annual Report, 2007.

22 DuPont, Annual Report 2007, and “Syngenta anuncia cifra negocio en progresión 28 por ciento primer trimestre”, EFE, 22 de abril 2008,

23 Isabel Reynolds, “WTO should pressure food exporters – Mandelson”, Reuters, 23 April 2008,

24 See, for example, recent comments from West African farmers and officials: Noel Tadégnon, “Le ROPPA préconise une pression sur les autorités politiques pour soutenir l’agriculture africaine,” APA, 23 April 2008, http://www.apanews.net/apa.php?article61599; and, “Réunion extraordinaire du Conseil des ministres de l`UEMOA, hier : 200 milliards pour freiner la flambée des prix,” Le Nouveau Réveil, Abidjan, 24 April 2008, http://www.lenouveaureveil.com/a.asp?n=290011&p=1903

Thursday, December 24, 2009

As India goes global the public goes private

http://www.zcommunications.org/znet/viewArticle/1671


By Aseem Shrivastava


Picture this. At an air-show in Los Angeles one of the biggest arms manufacturers in the world, British Aerospace, invites Mr. Bill Gates of Microsoft to have a go at flying one of the latest models of their Hawk fighter aircraft. Would the American media respond by flashing front-page images of a beaming Bill Gates waving to supporters as he was entering the cockpit of the Hawk, following them up with adulatory reports describing the elevated feelings felt by the unexpected new pilot as he conquered the sound barrier? Or would the event not generate a national scandal that a private businessman accepted the invitation to fly a military aircraft, which ordinarily can only be tested by pilots on public duty?

More than likely the latter possibility would transpire. However, what happened in Bangalore last month was another story, as the Indian national media fell to new depths of celebrity "journalism".

Corporate Americans, having grown up in a world run by car salesmen, will go to any lengths to sell what they must. Thus it came as no surprise when Lockheed Martin – one of the biggest defense contractor firms in the world – invited Mr. Tata into the cockpit of the F-16 Falcon at the Bangalore Air Show in February: the Indian Air Force was, after all, expanding its multi-role combat aircraft fleet and the American company was competing in the Indian arms bazaar with the likes of Sukhoi of Russia. To let corporate India's leading icon of the season have a go at their merchandise must have seemed like an obvious sales ploy. (Would they have tried this gimmick in their own land?)

A private fantasy was gratified. Mr. Tata's dream of flying a fighter jet came true.

Not only India's national English language dailies, even the vernacular press, flashed front page pictures of India's oldest civilian pilot, waving like a rock-star to fans as he stepped into the cockpit of the fighter aircraft. The Times of India gushed that "Tata group chairman Ratan Tata soared to new heights". Delhi's Hindustan Times said that he "had a wonderful time." The Indian Express said that Mr. Tata had "a terrific, terrific ride." Even the ordinarily sober The Hindu said that Mr.Tata had an "exhilarating experience."

All this quoted without the dimmest trace of irony. When boys get their toys, it is indeed "wonderful" and "exhilarating". It is evident from the unanimity of the reports that Mr.Tata indeed had a jolly good time up in the high skies.

The most remarkable fact of all – the corporate boss of a leading private concern playing with military gadgetry, normally accessible only to men and women in public uniform – went unobserved by our free press. In the day of "Corporate Executive Officers", when businessmen are taking seats of pride in Parliaments and political leaders are more than happy to see described what they do as a "job", not to mention holding shares in companies, how does it matter if ancient public norms are blithely flouted and one of the most precious distinctions in the annals of democracy is quietly erased?

Public morality has gone corporate long back. The public has been colonized by the private ever since the era of manic privatization was thrust upon us. The joke is on us, the on-looking public, who don't seem to realize that the time-honored separation of the private and the public spheres is an inconvenient anachronism, an obstacle to mounting prosperity which should be kicked off the growth path.

The all-important distinction between the private and the public realms – dear in the past not only to democracies but to all self-respecting polities since the days of Greece and Rome – is being openly undermined in India, in vulgar mimicry of the successful pioneering trail blazed by corporate totalitarianism in that most famous of all democracies: the United States of America. If it works there, it must be good, and thus worthy of emulation.

Why reducing the public to the private is deadly

But why anyway is it a good thing to retain the distinction between the private and the public realms? Haven't we been delivered the technocratic wisdom often enough from the highest pulpits that running a government is essentially no different from managing a company? So what's wrong with it if men and women are corporate executives one day and ministers or bureaucrats the next, as long as they are honest (sic) and capable? What's wrong, for that matter, with the government making an open offer to the Tatas that it was willing to use public money to help it financially in its recent purchase of the British steel company Corus Inc (even as it complains about lack of resources when it comes to allocating more funds for development programs for women and children)? Or with the government declaring Special Economic Zones (SEZs) as public utility services under the Industrial Disputes Act and, with a happy conflation of the private with the public interest, making strikes and collective bargaining illegal, while enabling contract labor?

Well, if nothing is wrong with all this, why don't we campaign for an amendment of the Constitution, and make it the most urgent formal task of the government to enable corporations to maximize profits, enrich themselves (in the name of development via the long dysfunctional trickle-down effect) or, more simply, just legalize graft? Indeed, our government has been doing precisely that, offering sops to corporates via tax breaks, SEZs and the like, obsessed as it is with the maximization of the rate of national economic growth – to the effective exclusion of virtually all social goals, including development – for years now.

Listening to the chorus of applause from the mainstream media both in India and in the West, it would seem that this democracy has overcome its erstwhile socialist infantilism and finally matured into corporate adulthood – allowing, as is only in the fitness of things, men and women of eminence to occupy top corporate positions today and high offices in government tomorrow. In fact, in the age of (An)globalization, well-connected members of our ruling elites have long been in the habit of changing offices globally – having manned the upper echelons of imperial projects in the offices of the World Bank and the IMF in Washington virtually being a prior qualification to be at the national political helm in New Delhi, a custom which is finely attuned to the needs of our imperial masters.

What could be wrong with such an efficient arrangement? Free and fair elections are after all not fundamentally different from free and fair markets. We choose our leaders in one place, our cars and favorite magazines in another. And we expect our leaders to entertain us, just as we find amusement in driving fast cars (thanks to Vijay Mallya New Delhi's Rajpath, which once hosted political protests, might well see a F-1 race soon) and watching thrilling films. Such is the lure and charm of a Laloo Prasad Yadav. So what's wrong if Ratan Tata, the corporate Pope, is also seen as a rock-star with all the star quality that comes with the role? Only sour grapes and petty envy would bicker about such a thing.

Is it? If the government becomes a business, then profits and growth obviously become its overriding pursuits. What then? Who is allowed to criticize this noble project and all it inevitably involves, especially today? What happens to human rights, to labor standards, to environmental regulations, to tax laws, to social commitments and political promises for distributive justice? To the Constitution itself? In fact, one is entitled to ask, what happens to law and public morality? Shall we simply open up the market for justice too? Shall we experiment with private judicial systems in addition to privatizing the executive branch and the legislature (public offices are already auctioned in so many parts of the world)? In short, shall we just dispense with public liberty altogether and write into law a formal "corpocracy" which finally prises open all political markets, legitimizes private tyranny and inducts it into the visible mainstream of the affairs of state?

But somewhere, the line between public and private will have to be drawn, if only because in the absence of a robust public realm, private parties – driven by the will to power – will fight their way to war with each other, at our expense. (They already do, even in the presence of strong governments. So how much more so in their absence, unrestrained by any law or public morality whatsoever!) Society will not survive for long under such circumstances.

Among so many other things, isn't democratic government there precisely because the unrestrained pursuit of private commercial interest leaves no time or room for worrying about matters which concern everyone, not just a minority constituency of privilege? BAE and Lockheed Martin can't help themselves from selling arms across the world. It is their stock-in-trade, their line of business. And the imperatives of competitive capitalism will not brook any complacency, the reason that public restraint is necessary. To cut costs and grow their market shares corporations will scour the earth, loot indigenous peoples, pollute air and water and slog pliant female labor for 12 or 16 hours a day. Without public restraint what is there to prevent them from committing such crimes and hasten the end of civilized society itself?

Laws are there to protect public and individual liberty against oppression by those who hold power. This is why the rule of law is rightly regarded as one of the enduring achievements of civilized humanity. If it is threatened today – by imperial gluttony and other varieties of barbarism on the one hand and a relentless, unmitigated, corporately nurtured, state-sanctioned greed on the other – the answer is not to allow classes and social groups who hold power to further consolidate their influence. Both courage and wisdom actually lie on the side of challenging and restraining such power in the larger interest. Indeed, it may turn out – given the emerging facts on climate change and other looming environmental crises – that our very survival as a species might come to hinge on the evolution of a new public ethic which finds it within its imagination and character to do so.

In this task the media can be an accomplice or an obstacle. What we have seen so far makes the media resemble nothing so much as a disheveled theatre stage occupied by a bunch of image-toting lackeys of shadowy moneyed men in pin-striped suits, their shotguns held not too far from the heads of editors. They have monopolized the mike, carrying on their petty private squabbles within range of public audibility, putting the public to sleep with their tabloid perversions, while quietly conspiring to keep off-limits any authentic discussion of issues of genuine public significance.

It is time that the newspapers and the TV channels woke up from their somnolence and put an end to the charade of glamorizing the rapid encroachments on the best traditions of democracy. The Lockheed-Martins, BAEs and Tatas cannot be expected to behave with a sense of public responsibility. They would not be where they are had they had that. They have to be exposed and restrained. It is impossible without the media.

If freedom matters to us, we must heed Rousseau: "A free people obey laws and laws only, and it is by the force of the laws that it does not obey men."


Aseem Shrivastava is an independent writer. He can be reached at aseem62@yahoo.com.