When Corporations Rule the World

When Corporations Rule the World is an anti-globalization book by David Korten. Korten examines the evolution of corporations in the United States and argues that corporate libertarians have 'twisted' the ideas of free market economist Adam Smith's view of the role of private companies. Korten critiques current methods of economic development led by the Bretton Woods institutions and asserts his desire to rebalance the power of multinational corp... More

When Corporations Rule the World is an anti-globalization book by David Korten. Korten examines the evolution of corporations in the United States and argues that corporate libertarians have 'twisted' the ideas of free market economist Adam Smith's view of the role of private companies. Korten critiques current methods of economic development led by the Bretton Woods institutions and asserts his desire to rebalance the power of multinational corporations with concern for environmental sustainability and what he terms “people-centered development”. He advocates a 50% tax on advertising to counter-attack what he calls "An active propaganda machinery controlled by the world's largest corporations constantly reassures us that consumerism is the path to happiness, governmental restraint of market excess is the cause of our distress, and economic globalization is both a historical inevitability and a boon to the human species." Korten criticises consumerism, market deregulation, free trade...

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