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Macron warns on ‘capitalism gone mad’ in ILO speech

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French President Emmanuel Macron denounced “capitalism gone mad” in an address Tuesday to the UN’s International Labour Organization, while urging enhanced social protections in a global economy plagued by inequality.

Macron made the comments at a conference marking the ILO’s 100th anniversary, which has drawn dozens of heads of state and government.

In a 45-minute address, the French president nodded to the founding principles of the ILO — the only international body created under the League of Nations, the forerunner to the UN, that survived the rise of fascism and World War II.

“Built on the still smouldering embers of the First World War,” the ILO was founded on the belief that securing future peace required “social justice … (and) respect for workers,” Macron said.

Warning that these principles were under threat, Macron called for a return to the “social market economy where everyone finds their share”, rather than a system that sees “the capture of wealth by a few”.

When people feel cut off from the hope of prosperity they can be drawn to authoritarianism and the belief that “democracy no longer protects them against the inequalities of capitalism gone mad,” Macron said.

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At the ILO conference that runs through to June 21, delegates are due to agree a resolution on the Future of Work which is expected to address risks to workers rights ranging from automation to the gig economy.

Macron called for “universal social protections,” and renewed his appeal for a European minimum wage, warning that the consequences of intensifying inequality would be grave.

“I believe that the crisis we are experiencing can lead to war and the disintegration of democracies. I am deeply convinced of it,” he said.

Addressing the ILO conference before Macron, German Chancellor Angela Merkel, also said that “securing decent working conditions” was an urgent global priority.

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– Anti-harassment convention –

The French leader offered support to another key initiative at the ILO conference: a new convention on harassment and violence in the workplace that would enhance protections for workers, especially those vulnerable to sexual exploitation.

“We fully support the adoption of this convention,” Macron said.

The ILO’s work, including on the anti-harassment text, is often complicated by its tripartite structure that includes government officials, union leaders and private sector employer representatives.

Employers have voiced concern about the harassment convention, especially whether an enterprise should be responsible for abuses that happen away from the workplace.

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US kicks off Mideast plan, with Palestinians boycotting

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After a wait of two and a half years, the US administration is launching its Middle East peace plan Tuesday -- with an economic initiative that the Palestinians are boycotting.

For this most unconventional of US presidents, Donald Trump's Middle East peace-making bid is unlike decades of previous US attempts.

There is no talk of land swaps, a Palestinian state or other political issues that have vexed diplomats for decades.

The Trump administration says it will get to the political issues later.

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FedEx sues US government over shipment restrictions

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American logistics giant FedEx sued the US government on Monday, saying Washington's restrictions on exports and imports due to growing trade disputes and sanctions created an "impossible burden" for delivery firms.

The announcement of the lawsuit comes as Beijing and Washington face off in a trade war that has seen both sides exchange steep tariffs on hundreds of billions in exports.

The US has also sought to bar Chinese telecom giant Huawei from the American market and limit its ability to purchase US technology.

A statement by the delivery firm said the restrictions placed "an unreasonable burden on FedEx to police the millions of shipments that transit our network every day" or face heavy fines.

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2020 Election

New report targets 15 House Democrats who ‘deserve’ progressive primary challengers

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As progressive candidates continue to announce their intentions to oust corporate Democrats, a new report names 15 House Democrats to unseat in primary challenges.

Published Monday by the left-leaning group RootsAction, the new report is entitled Bad Blues: Some of the House Democrats Who Deserve to Be 'Primaried.'

The list, the report notes, "is by no means exhaustive—only illustrative."

"There may well be a Democratic member of Congress near you not included here who serves corporate interests more than majority interests, or has simply grown tired or complacent in the never-ending struggles for social, racial, and economic justice as well as environmental sanity and peace," the report notes. "Perhaps you live in a district where voters are ready to be inspired by a progressive primary candidate because the Democrat in Congress is not up to the job."

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