According to the New Internationalist blog, the world is reaching a point where corporations now hold more power than governments. Reportedly, in order to restrain corporate power, Global Justice Now has launched a petition with the UK government demanding that it backs a UN initiative designed to "regulate the activities of TNCs."
As multinationals increasingly dominate areas traditionally considered the primary domain of the state, we should be afraid. While they privatise everything from education and health to border controls and prisons, they stash their profits away in secret offshore accounts. And while they have unrivalled access to decision makers they avoid democratic processes by setting up secret courts enabling them to bypass all judicial systems applicable to people. Meanwhile their raison d’etre of perpetual growth in a finite world is causing environmental destruction and driving climate change. From Sports Direct’s slave-like working conditions to BP’s oil spill devastating people’s homes, stories of corporations violating rights are all too often seen in our daily papers.
Yet the power of corporations is so great within our society that they have undermined the idea that there is any other way to run society. We are all too familiar with hearing about the threat of ‘losing corporate investment’ or companies ‘taking their business somewhere else’ as if the government’s number one task is to attract corporate investment.
It is this corporate agenda that permeates the governing institutions of the global economy, like the World Trade Organisation and the International Monetary Fund, whose policies and operations have given more importance to the ‘rights’ of big business than the rights and needs of people and the environment.
|ReConstitution 2012: the Presidential Debates Visually Remixed|
|Scottish Referendum on Independence Explained|
|What's Going On in Venezuela|
|Silicon Valley Wants to Secede from the United States|
|“Human and animal cells can be 3D printed into high-resolution tissue.”|
|“This conversation about how technology is hijacking people is really catching on.”|
|Japanese Create Ice Cream That Does Not Melt|
|Making a Movie Inside a Video Game|
|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos.”|
|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|