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.
|The Excised Islands of Australia|
|Facebook Could Decide the Outcome of the U.S. Election|
|Police Body Worn Cameras May Not Actually Work|
|ReConstitution 2012: the Presidential Debates Visually Remixed|
|"I Love WikiLeaks for Restoring Distrust in Our Most Important Institutions"|
|“Cultured meat is finally on its way towards becoming a commercial reality.”|
|“There are but two powers in the world, the sword and the mind. In the long run the sword is always beaten by the mind.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Although this transition is irreversible, it carries potential for several robotic applications.”|
|How to Avoid Jury Duty|
|Why, Typewriters Are Alive and Well, Thank you|
|CaptchaTweet: Write Tweets in Captcha Form|
|“If you really want to save the planet, you should die.”|
|Somebody Needs to Build a New Facebook Stat|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|
|The (Very Scary) People of Public Transit|
|Bizarre Record Covers|