A legacy of colonialism and 20th century international trade agreements, so-called “investor-state dispute settlements” are hampering moves to ditch fossil fuels.
Perhaps one of the more recent forms of capitalism is Corporate Capitalism. In corporate capitalism, corporations dominate a capitalist and oligopoly-like market economy. These large multi-national and hierarchically organized corporations operate with a substantial managerialist administration (hence: MBA). These corporate apparatchiks control production, global supply chains and the amount of profits these corporations generate for More
Back in the mid-nineteen-fifties, the prolific, progressive political economist, Harvard’s John Kenneth Galbraith, developed his “theory of countervailing powers.” He asserted as big business got bigger, its overreach would be constrained by strong labor unions, regulators, and antitrust enforcement. Inside the realm of large companies, big retail chains could check the power of large manufacturers. More
Corporate logging has destroyed much of California’s once vast and majestic redwood forests. As environmental crises collide, the imperative to save the remaining trees is stronger than ever. That means challenging those who profit from the trees’ destruction.
Source: Save the Redwoods
While in the past transnational corporations were powerful actors, there were at least formal governors of national states; not anymore in the current ‘multi-stakeholder’ organization of globalization, as described by Harris Gleckman