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.
Child workers, some as young as 10, have been found working in a textile factory in conditions close to slavery to produce clothes that appear destined for Gap Kids, reports Dan McDougall.
Back around 1980, big-time corporate CEOs in the United States took
home just over 40 times the pay of average American workers. Today's
average American CEO from a Fortune 500 company makes 364 times an
average worker's pay and over 70 times the pay of a four-star Army
general. Article by Sarah Anderson and Sam Pizzigati.
Citizen movements are proving that we can take on corporate power, and together build a future that works for all life, write
Michael Marx and Marjorie Kelly.
British mining company Anglo American is profiting from a pattern of global abuse and brutality against poor people, including the murder of opponents who say the firm’s mining operations threaten their livelihoods. Anglo American is the world’s second largest mining company and one of the 10 largest British companies, with net profits of over $6 billion in 2006, says a report by War on Want.
The owners and directors of corporations must be made accountable in law for their actions. Owner-shareholders and top executives exercise immense power, both globally and locally, but are not responsible in law for their actions. This immunity is provided by the legal principle of limited liability.Article by Stephanie Blankenburg and Dan Plesch.