Corporate State
Corporate State
C. Lucas has written an article on the corporate state can be summarized as follows:
In the last century we have seen the continuous growth of the corporation, an insatiable concentration of power over vast numbers of people into one profit obsessed and unaccountable organization. This has culminated in a new form of state, the uncontrollable transnational corporation (TNC), which has no physical boundaries but extends fractal like into all corners of the globe, and into all levels of our reality and has assets larger in total than many entire third world countries. These distributed, but centrally controlled structures behave identically to the kingships they replaced.
1] Searching for absolute power- drive that causes companies to become ever larger, more monopolistic, more centralized is fear, greed and insecurity.
2] I am god, you man- many corporate executives hold that they are special people, some how better than normal humans. Their changes are usually destructive to arrears of society not related to the corporation bottom line.
3] Feeding frenzies- exponential growth of reward for the top staff is harmful.e.g. mad bulls in china shops.
4] Keeping it in the family- conflict of interest makes any form of interdependent control impossible. There is a mutual interest among directors in stitching up their cozy world and maintaining their immunity from outside criticism and effective control. Financial sources show another level of mutual benefits.
5] Accountable to whom- accountancy practices have moved from being independent accountants, to being dominant partnerships who are employed for big money by big business.
6] Deceit as truth- corporate operation works against public interest, in practice. The first instinct of any corporate executives seems to be a self serving lie.
7] Conspicuous consumption- the idea that the rest of the planet can, and should reach the same level of individual consumption and waste as we do is stupid and naïve.
8] Pyramid selling- growth and growth seems to be an innate feature of all corporate thinking- no large company can possibly grow endlessly.
9] The mythical resource- money is a dept. no more token, a marker. New money as is used for loans is actually just invented by banks.
10] The illegitimacy of control- attempts to give corporations right to appose what the people democratically want are fundamentally illegitimate.
11] Hate as a way of life- corporate attitude to society is antagonistic.
12] One culture, one life style- bodies like WTO try to prevent democratically elected bodies making their own decisions. This artificial distortion of markets remove all multidimensional human values other than profit, reduce political freedom, and eliminate local cultural uniqueness. There are almost zero correlation between corporate cost and price.
13] The nice little earner- world spends over times as much on the military as we would need to spend to eliminate global want entirely. And better still for the corporations.
Selling weapons is the biggest earner on the planet.
He talks about terrorism enemies fight back- they get weapons – but where from – warm ongoing is a well known historical way for imperialists to get their corporate claws onto other countries for the purposes of long term exploitation.
14] Subsiding greed- our corrupt representatives are actively paying corporations, with our own stolen money and time to better exploit us and to reduce our quality of life.
15] Taming the shrew- the slavery of our species, has been undertaken by members of the species itself. We have mass production slavery.
16] Information control- media control yet another corporate monopoly is an essential part of the gravy train. Everything presented to the public is carefully vetted for manipulative effect.
We need free press, free from control of big businesses etc.
Dear Student, this text is based on the class lectures of Professor S Pandit, Department of Politics & Public Administration, University of Pune. References can be found on the official site of Pune University, Department of Politics & Public Administration, subject of Globalization & State, Syllabus 2004-2009. This note prepared by Ahmad Reza Taheri (2004-2006). This note needs edition.
