[Economic] [Political] [Social]
Mega Global-Companies Dwarf Power Of Many Nations
by Bruce Wilds
Posted January 18, 2020
When the value of Apple and Amazon soared above one trillion dollars they became the first companies to reach this milestone. It is difficult to deny that in our modern world many large companies already have more power than most nations and their power continues to grow at an alarming rate. In the past, it was large oil conglomerates that held the power but today much of it has shifted to technology companies. This power is reflected in companies ability to bend regulations in the area of trade, in some ways, the anti-globalism movement could be viewed as an attempt to halt large companies in their tracks. This is one of the reasons anti-globalist and those wanting more limits of trade have rushed to embrace the use of tariffs.
For years many economists have discounted the implications and disregarded how the greed of these companies have added too many problems in the world. For example, if it is bombs you want, they will gladly make them for you, and while doing this they gain power and add to their profits. This train of thought brings front and center the question of whether mega-global companies are working in the direction of taking over the world and even dominating governments and countries. This is in some ways an extension of the New World Order with CEOs pulling the strings. The power they wield is often masked behind the facade of a figurehead leader but it is very real. More…
It is difficult to deny that in our modern world many large companies already have more power than most nations and their power continues to grow at an alarming rate.
Perhaps it is time to revisit how corporate charters are created, and regulated? Perhaps it is time to have sunset clauses in these charters similar to how corporate charters were initially issued?