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Rossi, Guido
5 articles of this author have been cited in the European Press Review so far.
Guido Rossi warns against lobbying by Facebook and Co.
The Internet company Facebook plans to establish a foundation aimed at lobbying in the US election campaign. The Facebook Political Action Committee will distribute election campaign donations to politicians who recognise "the value of innovations". Legal expert Guido Rossi warns in the business paper Il Sole 24 Ore of the dangers of the Internet sector wielding even more influence: "The web is making its move and forging its way into the political arena. It's not yet clear what devastating consequences this will have, but the threat this poses to democracy is indisputable. This technology has already shattered one of the most ancient and inalienable rights, namely the right to intellectual property, copyright on patents and even legal protection of the private sphere. That these same technological companies are claiming the right to influence our political and economic future is alarming. ... The warning that uncritical use of a medium coarsens people's cultural and social identity appears to have been forgotten. If up to now our legal system had sought to impose discipline on the Internet, from now on the web will impose its will on the world and rule it."
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More from the press review on the subject » Corporations, » Elections, » Media, » U.S.
Guido Rossi on the death penalty, greed and fundamental rights
The execution of Troy Davis in the US on September 22 despite serious doubts about his guilt was lost in the maelstrom of bad news about the financial markets even though there is a direct connection between the two things, writes legal expert Guido Rossi in the business paper Il Sole 24 Ore: "The connection is obvious because everyone is blaming the inability to solve the financial crisis on the weakness of the governments and the political institutions. ... Those who accuse only Europe of demonstrating a political deficit overlook the devastation financial capitalism is wreaking in American democracy. However it is not only the inadequacies of the European governments and Barack Obama's inability to impose respect for human rights that are to blame for all the fear, the restrictions to civil rights and the intolerable gap between poor and rich. ... The true problem lies in the decline of Western culture which allows itself to be guided by a greed that has torn asunder the very fabric of civil society. The culture of capitalism has killed human rights. The solution to the problem therefore lies not in ever more confusing economic recipes but in a new Jus gentium, or law of nations. A law that enables European culture to reassert the fundamental rights of its civilisation once more."
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More from the press review on the subject » Fiscal Policy, » Human rights, » Justice, » Europe, » U.S.
Google changes Internet into feudal system
Google's takeover of Motorola's mobile phone division for several billion dollars has gone largely uncommented even though it marks a dangerous development, writes the business paper Il Sole 24 Ore: "The power wielded over the web by its mighty rulers Google, Apple, Microsoft and a few others is an attack on the fundamental principle of ownership of material and immaterial goods (such as copyrights and patents). ... Now this principle has been shattered by the technology of the web. And the traditional monopoly laws have also been unhinged by the war for supremacy among these rulers. Yet their only goal is to generate profit. In their hands the freedom of the Internet can be exploited in dangerous ways if it is exercised without controls, democratic or otherwise. The Internet has gone from being a world of freedom to a feudal system."
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More from the press review on the subject » Online media, » Corporations, » Global
Only Beijing can save the West
The Asian stock markets registered further losses today in reaction to the downgrading of the US's creditworthiness. The downward slide can only be stopped if the US accepts China's help, writes the liberal business daily Il Sole 24 Ore: "We are witnessing the chaotic decline of hundreds of years of Western dominance. Strangely, China is missing from all the proposals for preventing collapse. Beijing quite rightly insists on the importance of its role and is using the doubts about US creditworthiness to question the US dollar as the global reserve currency. As a result of the already existing and threatening state bankruptcies the EU is now paying for its mistake of not having consolidated its debt in time. European bonds would be far more secure than the bonds of individual states. Because Europe is the biggest market worldwide such securities would be a worthwhile investment for China."
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More from the press review on the subject » International Relations, » Fiscal Policy, » Financial Markets, » Europe, » U.S., » China
The end of market capitalism
La Repubblica publishes an excerpt from the speech given today by the expert in business law Guido Rossi at the international civil rights conference of the Courmayeur Foundation. Rossi calls for a new legal framework for the capitalist economy: "The numerous modifications of the international business system introduced by the modern lex mercatoria, or Law Merchant, have not been able to forestall the crises that have rocked both society and the financial markets. ... In truth the crisis goes far deeper. The form of the large joint stock company has transgressed not only the traditional legal categories it was orginally founded upon, but also all of the most recent regulations - some of which are new and some of which were copied from other legal systems - and which go under the name of Corporate Governance. ... The old formulas are outdated. The joint stock company is on its last legs. A new phoenix must rise from its ashes. This new scientific paradigm must be far removed from the empty formulas of social market capitalism and the like."
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More from the press review on the subject » Corporations, » Financial Markets, » Global
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