Multinational Corporations are the main actors driving economic globalisation which thrives when market forces are de-regulated, allowing essential goods and services to be allocated by commercial activity, not human need. The result is a world economy that favours affluent countries and their corporate interests whilst neglecting those living in extreme poverty who the market fails to reach.
It is urgent to create binding rules for transnational corporations, for it is a question of the sovereignty of states and the right of people to decide their future. This process can only be resumed with the mobilization of engaged citizens worldwide, write Alejandro Teitelbaum and Melik Özden.
Citizens United is the finishing touch on a three-decade
campaign of organized corporate radicalism. If we believe that the corporate takeover of our
government is not acceptable, the work to take it back must be as determined and long-term as the corporate campaign itself, writes Jeffrey D. Clements.
Conventional wisdom insists that the private sector is much more
efficient than government-run programs. But in reality, privatization is actually more
expensive when it comes to Medicare, student loans and the military, argues David Morris.
There is compelling evidence that advertising is not only contributing to climate change and resource depletion, it is undermining our values and eroding wellbeing. We can no longer ignore the cultural impact of advertising, says a report by the Public Interest Research Centre and WWF-UK.
The widely held intuition that a minority of corporations exert disproportionate economic power has now been proved. A relatively small group of multinational companies, mainly banks, control almost 80% of the global economy, according to research by Stefania Vitali et al.
According to new research, 98 out of 100 UK’s biggest companies listed on the London Stock Exchange are using tax havens. The UK government must urgently rethink its current proposals to relax anti-tax haven rules, says a report by ActionAid.
Since the 1990s, the power and economic might of multinational corporations has rapidly expanded and nothing effective has been done to limit their reach. Rio+20 offers a golden opportunity to broker an agreement to regulate corporate activity at international level, says Helena Paul.