By K.C. ADAMS*
THE HEADS OF STATE of State of the G-20 will meet in Cannes, France, November 3-4, where Bill Gates, billionaire monopoly capitalist, head of the Gates foundation and founder of Microsoft, will present a report. The aim of the report, commissioned in April by French President Nicolas Sarkozy, is to make proposals on how the G20 could finance “development” in “innovative ways.” A “technical report,” summarizing what Gates will propose was leaked to the media in late September and included a Financial Transaction Tax. The monopoly media and different “public policy” and “alternative policy” NGOs have been promoting this reform, referring to it as a Tobin Tax, a policy objective that according to Adbusters would “slow down some of that $1.3-trillion easy money that’s sloshing around the global casino each day.” The media have given the Tobin Tax a new Hollywood cachet, calling it the Robin Hood Tax, to broaden its appeal. It is suggested that it would benefit poor countries at the expense of the rich, while in fact it would further institutionalize the imperialist system of states dominated by the U.S. Empire. Continue reading