Global Capitalism, Imperialism and the Power of the Corporation

Grant PetersonStarred Page By Grant Peterson, 9th Feb 2014 | Follow this author | RSS Feed | Short URL http://nut.bz/n51lxvag/
Posted in Wikinut>Writing>Society & Issues

We live in a world where each and every person MUST understand that there is a global impact for everything. The capitalist system has grown and become global, it is these global corporations that have become imperialist and wield almighty power, in doing so they break down the democratic process.

The need to Globalize

One thing has become clear over the course of the past hundred, or so, years and that is the tendency to globalize major corporations and in taking such steps they build centers of immense power often capable of subverting the course of democracy within any or all of the states they operate in, what matters is corporate profits and policies and these corporations operate largely above the law. Let's be very clear the global corporation is the highest form of development of capitalism and these monster corporations can easily exceed the wealth generated by the average nation and today have certainly outgrown the limits of the nation state, they have no patriotism to anything other than the global corporation itself, dictating policies and economic conditions for many places where they operate and indeed cities bid for the right to host their manufacturing and research facilities with the winner providing the largest tax breaks corporate benefits, often to the detriment of city revenue streams.

The worst aspect of this type of corporation can be the way they can act as a monopoly and work with their competitors to form a cartel that controls price, profit margins, and other conditions of business on a global or local level, often acting to thwart any would be competitors whilst they are a small business trying to prove themselves. North America, Europe, and other developed nations have policies dictated to them by the largest corporations and are willing to comply because of the benefits those countries reap in terms of income and market exploitation and the availability of an educated workforce that can buy into technological advances and the need for a next generation of products every few years. The other impact is that in times of recession the worsening economic environment is entirely blamed on the government in power in the specific nation state where the business operates, and conversely countries having the economic power of Canada or Belgium are incapable of developing and expanding their own national economy and determining their own priorities because of the power of this capitalistic machine and how they dictate any nation's policy in any area you care to explore.

Recession

This recession, which started in 2008 with the need for the United States federal government having to bail out the banks and much of the ailing car industry, has been an ever present part of our economic landscape ever since.

Truth is the Republican Party could not let the financial sector crash then the American economic outlook may have been dire for the remainder of the 21st century truth was American capitalism looked over the brink to see its own oblivion, America the capitalist giant crumbling in ruins below, as it is even after the bailout this recession may continue for a quarter of a century and the USA could be paying for the bailout for more than 200 years through its public sector borrowing. The financial sector bailout was an absolute necessity to stop the collapse of that economy, yet it also shows that capitalist leaders are clueless as to how to move economic conditions forward and having rescued the banks a package had to be designed for other ailing industries, particularly automobile manufacturing.

Arguably the car industry should have been allowed to crash because that whole sector had proven itself incapable of change, incapable of developing ergonomic technologies, incapable of breaking its ties to oil rather than building green cars that most of their customers had been demanding for many years.

The best possible bailout for this industry was allowing the old corporations to die then rebuild through the setting up of workers co-operatives which would have given the industry an opportunity to modernize itself and be responsive to public demands for clean transportation leveraging the knowledge and skills of those who had a vested interest in its success, the workers who built the industry.

Both of these topics shall be a part of future discussion articles.

Client Economies

Truth is the growth of nationalism, jingoism, militarism, wars, invasions and occupations of foreign land is growing as time goes on. Each new conflict designed as a platform to develop client economies that are dependent on US, European, and other advanced capitalist economies they operate as a form colonial oppression (albeit different to that of bye gone days) where capitalistic economies grow at the expense of the client economies, who remain oppressed by debt repayments and remain under the economic shadow of the stronger regime, these corporations have no interest in the equality of nations or the freedom of its peoples, despite all the statements supporting oppressed people the only desire is to turn them into customers and make them dependent on the corporation for jobs and their livelihood. This may sound cynical, but evidence of this can be found in the way the USA encouraged the Kurds to stand up and fight Sadam's regime, yet abandoned them before the end of the first Gulf War in 1991.

Truth is today the commercial interests of global corporations reign supreme and until this power is broken any freedoms we have will be tied to the system of government they control, yet the truth is we are capable of so much more and this system is holding back human development and capitalism is incapable of building a true democracy because the certain interests are held to be of greater importance than other interests, the needs of the corporations certainly take precedence over all others and no single body should be able to exert such power as they hold our democracies to ransom.

GP -Toronto 2014.

The next part...

In the following part I shall explore whether real and lasting democracy is possible within the capitalist system or whether it is only possible to attain a facade of democracy.

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Comments

author avatar Steve Kinsman
9th Feb 2014 (#)

Right on! Awesome article. Glad to see a fellow wikinutter speaking truth to power. A well-deserved star.

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author avatar Phyl Campbell
9th Feb 2014 (#)

Well thought-out and insightful. Very interesting article.

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author avatar cnwriter..carolina
10th Feb 2014 (#)

as Steve says..an awesome piece..but one day the corruptors will get their bloody comuppance and rue the day they will when they set all the commotion in motion...thank you...

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author avatar Grant Peterson
11th Feb 2014 (#)

Carolina, the only way they get their comeuppance is if we organize against them.

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author avatar Jerry Walch
10th Feb 2014 (#)

Good evening, Grant. Steve and Carolina have pretty much said it all. Congratulations on the well deserved star.

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author avatar Grant Peterson
11th Feb 2014 (#)

Not sure of the real relevance of The Star award, but I was pleased to have been awarded it

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author avatar Retired
10th Feb 2014 (#)

Very interesting article that really hit the nail on the head. But, as with every empire before them, the corporations will eventually fall.

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author avatar Grant Peterson
11th Feb 2014 (#)

The trouble is that for everyone that collapses there is another in the wings waiting to take over unless it is possible to organize against them.

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author avatar Sivaramakrishnan A
10th Feb 2014 (#)

Thought provoking Grant. The basic spoiler is greed and competition to undermine others instead of benefiting economy of the countries they operate. Another issue is the behemoth companies, banks, take advantage of poorer countries. Many big banks pay fines imposed by America, but advise the rich how to avoid taxes in other countries. The poor countries have no clout and their leaders are even bought over. Some are more than equal even in democratic and free countries and few control the levers whoever is in power and in this regard no country is spared. It is a miracle that the majority gives the benefit of doubt to minority and even closes an eye - siva

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author avatar Grant Peterson
11th Feb 2014 (#)

I would call it "Profit" rather than "Greed" but essentially Mr Sivaramakrishnan you are correct host countries rarely benefit to the extent they ought to and no country is spared.

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author avatar Nadine May
11th Feb 2014 (#)

Great article. Well written and I have shared it.

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author avatar Grant Peterson
11th Feb 2014 (#)

Thank you Nadine

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author avatar Markthespark
11th Mar 2014 (#)

Grant. I am a South African who lived through the apartheid era; one of the marginalised if I can put it like that. We were at that time a pariah state, a pariah nation because of our ills. However today I still wonder how we managed to function despite this isolation. There were food and services, people had homes, there was a middle class, an upper echelon - and yes there was capitalism. Of course I am not for one minute saying apartheid was better, or circumstances were better then than they are now, of course not I fought against it as well. It just makes me wonder whether we do need globalisation. I don't know yet; am on the fence with this one. We need the overseas capital - the only problem now in a so-called new democracy in SA, the rich get richer, the greedy get greedier, the fat fatter and the poor are getting even poorer. When the multinationals feel the squeeze, they are quick to shed jobs etc. of course management get the big payouts, but the people living on the margins are left to suffer. I've seen it - and companies are pretty ruthless about it. Many people are better off in my country as opposed to earlier, but the frontiers of poverty are not being shifted. The middle class may have made strides but those on the absolute fringes have not in a new dispensation of 20 years! Politicians are giving their profession a bad name. First and foremost they are people, who's mandate surely is to pursue equality for all and a safety net for citizens. It really is terrible to see what man is to doing to his fellow person - why do nations have to go to war when all most people want is peace? Anyway good post hope we can continue the debate

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author avatar Grant Peterson
12th Mar 2014 (#)

Mark you write of a problem that is common in Africa. I was invited to go to South Africa during the Apartheid era by fellow thinkers in the country, but felt caution to be wise. That said I have seen first hand many of the problems that other countries in Africa face and many also face the problem of investment, yet foreign investment comes at a price.

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