CHAPTER 13Guaranteeing Corporate Rights

Cosmopolitan globalism weakens national boundaries and the power of national and subnational communities, while strengthening the relative power of transnational corporations.

— HERMAN E. DALY

In the corporate economies of the contemporary West, the market is a passive institution. The active institution is the corporation . . . an inherently narrow and short-sighted organization. . . . The corporation has evolved to serve the interests of whoever controls it, at the expense of whoever does not.

—WILLIAM M. DUGGER

The framework for a post–World War II economy, which had been worked out largely between the United States and Britain, called for the creation of three multilateral institutions: the World Bank, ...

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