Monday, March 1, 2021
Multinational Corporations Are “Quasi-Private” Property
The multinational companies are not private property; they are “quasi-private” property, which is the property that symbolizes political power—they are part of the global ruling class, the geopolitical establishment. I make this assertion based on four reasons: first, these companies have a turnover higher than the GDP of most small and middle sized countries; second, as they operate in multiple countries, some of which are democracies, while others have a communist system or a Middle East type theocratic system, they tend to develop a globalist worldview which sees no difference between democracy and totalitarianism; third, they are managed by massive bureaucracies which are as secretive, insular, and agenda driven as the bureaucracies in government institutions; fourth, they possess too much political and legal clout, and they often violate the rights of citizens and small businesses. In the methods that they adopt for growing their business, the multinationals give an open display of their fascist tendencies. In democratic countries, they lobby for regulation and government intervention; while they posses the legal and political clout to navigate through the regulatory environment, the small and medium sized businesses do not—and when the small and medium sized businesses are decimated, the multinationals gain monopolistic control over the market. I am not saying that the governments should intervene to regulate the operations of the multinationals, because if the politicians and bureaucrats get involved they are certain to further worsen the situation. But a way has to be found to denude the multinationals of their immense political power.
Posted by Anoop Verma at 8:17:00 AM