Viewing page 36 of 100

This transcription has been completed. Contact us with corrections.

FREEDOMWAYS FIRST QUARTER 1968

dangle fresh “carrots”; to extend U.S. hegemony-political, economic and military-over territories where Britain and other European competitors once held sway.

The vehicle by which these objectives are to be attained is the Organization of American States (OAS) and Caribbean unity-a Caribbean Free Trade Area (CARIFTA) or a Common Market.

Entro into the OAS is touted as a means of cashing in on aid from Development Bank. Caribbean unity is held out as the only hope for viability and progress.

Unity and integration are essential if the purposed is to breathe with imperialism and neocolonialism. But this is not the kind of unity contemplated. What is projected is the strengthening of the position of foreign capital. Particularly U.S. capital.

And the big drive for Common Markets and Free Trade Areas in different parts of the world is motivated mainly by the desired of U.S. big business of surmount tariff walls of nation-states. Note the candid observation of Mr. George Ball, former Undersecretary of State, now Chairman of the big investment banking firm, Lehman Bros. International Ltd. Addressing the New York Chamber of Commerce recently he said:

“The multi-national U.S. corporation is ahead of, and in conflict with, existing world political organizations represented by the nation-state. Major obstacles to the multi-national corporation are an evident in Western Europe, Canada and a good part of the developing world.”

Observe this comment about the European Common Market from a newsletter circulated by the private West German banks, Merck, Fink & Co. and Waldthausen:

“When Britain becomes a member of the EEC, several thousand U.S. companies which are already established with their own British subsidiaries in the U.K. Will also enjoy the benefits of this continental market.

“. . . They will be able to mesh and synchronize their investments and operations in Britain and on the continent do as to quickly develop an all-European plan for their production and sales. In view of the size of their direct investment . . . generally speaking the Americans are in a better position than their British of European competitors immediately to exploit the advantages of an expanded Common Market.”

U.S. multi-national corporations will like not only to take over