Multinational Corporations Versus Democracy
New page as subject, the conclusion reads:
"Massive corporations can outmanoeuvre governments and therefore evade the law. Multinationals organisations like the UN and EU can fight back. The heads of large companies have massive power over staff, employment, industry, national economies, the environment and yet are not elected nor publicly ( Read more... )
"Massive corporations can outmanoeuvre governments and therefore evade the law. Multinationals organisations like the UN and EU can fight back. The heads of large companies have massive power over staff, employment, industry, national economies, the environment and yet are not elected nor publicly ( Read more... )
I do agree with where you are coming from, but, I still think that multinational trade laws are "more democratic" than having free-running industries erode the power that democratic institutions have.
I think a solution is for the public to vote for supra-national representatives such as EU staff, who then serve a 2-year term up above, and can be appointed regardless of their party. So, a Labour government could be in power but the public could vote for a politician to move to the EU on his individual style (partially indepedent of his party).
Free press helps with exposés of multinational corporations' misdeeds, but, such companies pay staff & scientists to abuse that free press with sponsored studies & commentary, there needs to still be organisations that can pass laws based on information that comes to light via free press and private public investigation, public concern and special interest groups' lobbies.
For the general record, I've just added two quotes from The Economist, referenced now at the end of the article.
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