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.
|Why are there so many names on the U.S. government's terrorist list?|
|Pirates Kill the Music Biz|
|The Anti-PowerPoint Party|
|Politwoops: Archive of Deleted Tweets from U.S. Politicians|
|Byron Sonne's #G20 Arrest is Mere Steps Away From Being an International Sensation|
|“Systemd is, to put it mildly, controversial.”|
|“The Reality of Building Fantasy.”|
|“That is actually not the way the world has worked for most of human history.”|
|U.S.S. Enterprise Owner's Manual|
|CaptchaTweet: Write Tweets in Captcha Form|
|How to Avoid Jury Duty|
|The (Very Scary) People of Public Transit|
|iPhone 6, the First Smartphone to Disrupt NSA's Spying|
|“The Amazon Dash button for horny men and women who don’t feel comfortable telling their partner they’d like to have sex.”|
|“If you’re dating, you’re going to be let down. You’re not going to be everyone’s cup of tea.”|
|“Make all videos fun to watch.”|
|Testing Whether the Earth is Round or Flat|