For multinational corporations and financial institutions, globalization of economic activity has provided massive increases in their profits and power. Rootless and largely unregulated, they have superseded the old institutional structures based on the dominance of nation states, and are free to pursue their narrow financial aims regardless of ...
For multinational corporations and financial institutions, globalization of economic activity has provided massive increases in their profits and power. Rootless and largely unregulated, they have superseded the old institutional structures based on the dominance of nation states, and are free to pursue their narrow financial aims regardless of the consequences for society. This text analyzes the harmful effects of economic globalization; sets out the underlying causes of today's social, economic, environmental and political crises; and outlines a strategy for creating localized economies that empower people and communities within a system of global co-operation.
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Publishers Weekly, 1995-08-14 This well-documented, apocalyptic tome describes the global spread of corporate power as a malignant cancer exercising a market tyranny that is gradually destroying lives, democratic institutions and the ecosystem for the benefit of greedy companies and investors. Korten (Getting to the 21st Century) points out his conservative roots and business credentialsĉand then proceeds to finger such classic conspiracy-theory scapegoats as the Trilateral Commission and Council on Foreign Relations as the planning agents of the new world economic order he decries. Korten, founder of the People-Centered Development Forum, prescribes a reordering of developmental priorities to restore local control and benefits. Suggested reforms include shifting tax policies to punish greed and reward social responsibility, placing a 100% reserve requirement on demand deposits at banks and closing the World Bank, which he claims encourages indebtedness in nations that can't afford it. (Oct.) (c) Copyright PWxyz, LLC. All rights reserved
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