Local Governance Initiative
An end to private monopoly ownership over natural resources, with a minimum 51% local communal ownership in corporations that control such resources. The termination of intellectual property rights on pharmaceutical drugs.
The appropriation of natural resources by local or internationally based corporations to the benefit of developed countries has always been the primary tool to maintain these countries in a form of under-development. Such resources should be exploited as Commons, and to benefit local communities. This initiative will promote a sustained economic development. The termination of intellectual property rights would allow these countries to manufacture generic version of life-saving drugs without owing unfair royalties to pharmaceutical corporations.
There must also be a formal recognition that developing countries have the right to determine their own fiscal and social policies, free of pressure from wealthy countries, and that more money in an economy (i.e. GDP) does not necessarily (or in fact usually) mean that people live better.
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