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Exxon/Mobile, Pfizer, Citigroup, General Motors, Lockheed/Martin, Proctor & Gamble, United Health Care, Comcast/NBC Universal, Apple, and many other giants garner revenues as large as numerous nation states... Most are global... but there is no public global government holding them accountable... [T]here are dictatorial trade agreements that corporatists conjure up to subordinate the general population's labor, consumer, and environmental protections—a stunning end-run around our courts and legislatures. These protections are seen as "non-tariff trade barriers"... [T]hese... entities have a clear and obsessive unity of purpose—money for bosses... for shareholders, money to buy lawyers and politicians to take down laws and whatever else slows the pace of hoarding wealth.
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Over the past twenty years there has been an enormous shift in power from the institutions of the state to global corporations with economic resources far greater than those of most states and with a global reach that places them beyond accountability to any persons, place, or public institution. Through the processes of corporate globalization humanity is moving rapidly toward Empire’s ultimate goal of unifying the world’s people under a unified system of governance.
The largest corporations, like companies of lesser size, are a changing rather than a static group. Their annual turnover rate reflects the rise or decline of management and the vagaries of business fortune. Of the hundred largest industrial corporations in 1909, only thirty-six remained on this list in 1948. And, of the top hundred companies in 1948, only sixty-five continued to hold this ranking in 1968.
The Multinational corporationis, among other things, a private ‘government,’ often richer in assets and more populous in stockholders and employees than some of the nation-states in which it carries on business. It is simultaneously a ‘citizen’ of several nation-states, owning obedience to their laws and paying taxes to their treasuries, yet having its own objectives and being responsive to a top management that may be located in another nation. Small wonder that some critics see in the multinational corporation an instrument of irresponsible private economic power, or even an agent of economic ‘imperialism’ by its home country. Others view it as an international carrier of advanced management science and technology, an agent for the global transmission of cultural values, bringing closer the day when a common set of ideals will unite mankind.
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Lenin’s discovery has lost none of its relevance today. The features of imperialism have not gone away, and globalization has brought all the contradictions to a head. Thus, the concentration, in the hands of the monopolies, of the means of production, sources of raw materials, transport, communications, scientific and technical discoveries and skilled workers and engineers has reached an all-time high. Five hundred corporations dominate the US economy. Half of them have assets in five or more sectors. They employ 20% of the total workforce and account for 60% of profits.
Globalism was operated by oligarchical corporations on the gigantic scale, made possible by cheap oil. By “oligarchical” I mean that power was vested in small numbers of people running large organizations who were not accountable for their actions to many of the people who were subject to those actions. By “corporation,” I mean a group enterprise given the legal status of a “person,” with “rights,” but in fact devoid of any human qualities of ethics, humility, mercy, duty, or loyalty that would constrain those rights. As Wendell Berry put it, “a corporation… is a pile of money to which a number of persons have sold their moral allegiance… It can experience no personal hope or remorse. No change of heart. It cannot humble itself. It goes about its business as if it were immortal, with the single purpose of becoming a bigger pile of money.
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The multinational corporation is, beyond doubt, the most powerful agency for global economic unity that our century has produced. It is fundamentally an instrument of peace. Its interest is to emphasize the common goals of peoples, to reconcile or remove differences between them. It cannot thrive in a regime of international tension and conflict. The instrumentality of multinational business is man’s best hope of achieving political unity on this shrinking planet.
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