''When Corporations Rule the World'' is an

anti-globalization The anti-globalization movement or counter-globalization movement, is a social movement critical of economic globalization. The movement is also commonly referred to as the global justice movement, alter-globalization movement, anti-globalist m ...

book by

David Korten David C. Korten (born 1937) is an American author, former professor of the Harvard Business School, political activist, prominent critic of corporate globalization, and "by training and inclination a student of psychology and behavioral systems". ...

. Korten examines the evolution of

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

s in the United States and argues that "corporate libertarians" have "twisted" the ideas of

Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...

's view of the role of private companies. Korten critiques current methods of economic development led by the

Bretton Woods Bretton Woods can refer to: *Bretton Woods, New Hampshire, a village in the United States **Bretton Woods Mountain Resort, a ski resort located in Bretton Woods, New Hampshire *The 1944 Bretton Woods Conference, also known as the "United Nations Mo ...

institutions and asserts his desire to rebalance the power of

multinational corporation A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

s with concern for environmental sustainability and what he terms "people-centered development". He advocates a 50% tax on

advertising Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...

. Korten criticises

consumerism Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the Industrial Revolution, but particularly in the 20th century, mass production led to overproduction—the supp ...

, market

deregulation Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a ...

free trade Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold econo ...

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

and what he sees as the global consolidation of

corporate power In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview A large proportion of the economy of the United States and its labour marke ...

. Above all he rejects any focus on money as the purpose of economic life. His prescriptions include excluding corporations from political participation, increased state and global control of international corporations and finance, rendering financial

speculation In finance, speculation is the purchase of an asset (a commodity, good (economics), goods, or real estate) with the hope that it will become more valuable shortly. (It can also refer to short sales in which the speculator hopes for a decline i ...

unprofitable and creating local economies that rely on local resources, rather than international trade.

Responses

In a review of the book in ''Left Business Observer #71'' in January 1996,

Doug Henwood Doug Henwood (born December 7, 1952) is an American journalist, economic analyst, author, and financial trader who writes frequently about economic affairs. Until 2013 he published a newsletter, ''Left Business Observer'', that analyzes economics a ...

observed:

References

{{globalization-book-stub 1995 non-fiction books Environmental non-fiction books Anti-globalization books Books about multinational companies