Cover image for When corporations rule the world
Title:
When corporations rule the world
Author:
Korten, David C.
Personal Author:
Edition:
Second edition.
Publication Information:
San Francisco, Calif. : Berrett-Koehler Publishers ; Bloomfield, Conn. : Kumarian Press, 2001.
Physical Description:
xix, 384 pages : 23 cm
Language:
English
ISBN:
9781887208048
Format :
Book

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Call Number
Material Type
Home Location
Status
Central Library HD2326 .K647 2001 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

When Corporations Rule the World has become a modern classic. Korten's warnings about the growing global power of multinational corporations seem prophetic today. This new edition has been revised throughout to make it more accessible to the general reader, and features a new introduction, a new epilogue, and three new chapters. While Korten points out that the multinationals are, if anything, more powerful now than they were when he first wrote the book, he also offers reason for hope: the growth of the international Living Democracy movement opposing corporate rule.
The new material in the book:
* Documents the consolidation--since1995--of financial and corporate power at the expense of democracy, people, communities, and the planet
* Looks in depth at the nature and cultural underpinnings of the burgeoning Living Democracy movement to resist corporate power
* Offers a vision of a what a "civil society"--grounded in life-centered values rather than immediate financial gain--might look like.


Author Notes

David Korten is president and founder of the People-Centered Development Forum, chair of the board of YES! magazine, and a founding board member of the Business Alliance for Local Living Economies. He is the author of The Great Turning, The Post-Corporate World, and When Corporations Rule the World.


Reviews 4

Booklist Review

Beginning in the 1960s, social, economic, and political observers have expressed concern over the role of multinational corporations. As the global economy has evolved, it is the transnational corporation that provokes apprehension. In The New Realities (1989), Peter Drucker issued the early warning that the advent of the transnational company heralded a structural change in the world economy. Now Korten sounds loud the alarm. He blames the corporate quest for short-term financial gain for creating a "market tyranny that is extending its reach across the planet like a cancer, colonizing ever more of the planet's living spaces, destroying livelihoods, displacing people, rendering democratic institutions impotent, and feeding on life." The solution, he argues, is to "re-create societies that nurture cultural and biological diversity [and get] corporations out of politics . . . creating localized economies." Korten's critique and his solutions are bold and unequivocal. --David Rouse


Publisher's Weekly Review

This well-documented, apocalyptic tome describes the global spread of corporate power as a malignant cancer exercising a market tyranny that is gradually destroying lives, democratic institutions and the ecosystem for the benefit of greedy companies and investors. Korten (Getting to the 21st Century) points out his conservative roots and business credentials‘and then proceeds to finger such classic conspiracy-theory scapegoats as the Trilateral Commission and Council on Foreign Relations as the planning agents of the new world economic order he decries. Korten, founder of the People-Centered Development Forum, prescribes a reordering of developmental priorities to restore local control and benefits. Suggested reforms include shifting tax policies to punish greed and reward social responsibility, placing a 100% reserve requirement on demand deposits at banks and closing the World Bank, which he claims encourages indebtedness in nations that can't afford it. (Oct.) (c) Copyright PWxyz, LLC. All rights reserved


Library Journal Review

Korten (Getting to the Twenty-First Century, Kumarian Pr., 1990) brings impressive credentials to the task of blaming large international corporations for many of the social and environmental problems confronting people all over the world. Using numerous well-researched examples, Korten argues that not only do today's corporations exploit labor and the environment, but governments (particularly the U.S. government), the World Bank and the International Monetary Fund, aid and abet this exploitation through policies that favor capitalists over workers and small business. Although Korten speaks from an obviously liberal position, in an era when conservative political voices declare an unswerving faith in the benefits of unfettered free markets, a voice from the opposition offers a welcome balance. Recommended for public and academic libraries.‘Andrea C. Dragon, Coll. of St. Elizabeth, Convent Station, N.J. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Choice Review

Korten, a former academic with years of international development experience, paints a frightening picture of a world controlled by huge corporations. Many readers will agree with some of his arguments and strongly disagree with others. A major cause of many of the earth's problems, he says, is the dramatic growth in the power of the large global business corporation relative to that of the individual. Korten cites many examples of the consequences of such growth, such as ecological damage and the replacement of human culture with marketing culture. Traditional free-enterprise economic assumptions concerning growth, free trade, efficiency, and the proper role of government are challenged as placing the rights and freedoms of corporations ahead of those of individuals. Although powerfully written and persuasive, the arguments are somewhat diluted by occasional shallow reasoning and weak examples. The controversial presentation is balanced by a thought-provoking set of recommendations. All levels. L. J. Cumbo; Emory and Henry College


Table of Contents

Danny Glover
Forewordp. xv
Acknowledgmentsp. xvii
Introduction: Deepening Crisis--Cause for Hopep. 1
Prologue: A Personal Journeyp. 11
I Cowboys in a Spaceshipp. 25
1 From Hope to Crisisp. 27
2 End of the Open Frontierp. 33
3 The Growth Illusionp. 43
II Contest for Sovereigntyp. 57
4 Rise of Corporate Power in Americap. 59
5 Assault of the Corporate Libertariansp. 75
6 Decline of Democratic Pluralismp. 93
7 Illusions of the Cloud Mindersp. 107
III Corporate Colonialismp. 121
8 Dreaming of Global Empiresp. 123
9 Building Elite Consensusp. 135
10 Buying Out Democracyp. 143
11 Marketing the Worldp. 151
12 Eliminating the Public Interestp. 161
IV A Rogue Financial Systemp. 175
13 The Money Gamep. 177
14 Predatory Financep. 187
15 Corporate Cannibalismp. 197
16 Managed Competitionp. 205
17 No Place for Peoplep. 221
V Reclaiming Our Powerp. 231
18 The Ecological Revolutionp. 233
19 Good Livingp. 249
20 Agenda for Changep. 265
VI From Corporate Rule to Civil Societyp. 285
21 Making Money, Growing Poorerp. 287
22 The Living Democracy Movementp. 307
23 A Civil Societyp. 325
Epilogue: A Story for Our Timep. 337
Notesp. 343
Indexp. 366
About the Authorp. 383

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