Privatization

Chapter One discusses the elements that caused the latest and current problems in the European economies and also, the imposed privatisation (expropriation of the public wealth), as the remedy. This crisis started from the US and consequently, it was expanded to all economies of the world due to the systemic risk that globalisation has induced to the developed and dependent nations. Thus, this European debt crisis is a crisis of capitalism. Chapter Two analyses different factors that may explain the changes in firms' performance after privatisation in Europe. The final chapter explores how the American-based agro-industrial company Herakles Farm has thoroughly disregarded state and international laws and codes of conduct in the setting up of its contentious oil palm plantation that is largely located in-between protected areas in the ever-green forest of Southwest Cameroon.