"When corporations rule the world" by David Korten

Essay by Anonymous UserUniversity, Bachelor'sA+, December 1996

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The book 'When corporations Rule the World' by David Korten describes the way things will be in the future with multi-national corporations. These large corporations are found all over the world. There are many different problems that are appearing and many of them can be seen to be connected to corporations. We need to look at what is occurring with corporations and see if they are causing more problems or are helping to solve problems of the world. David Korten addresses this question in his book. He points out many of the problems that are being caused by multi-national corporations in the world today. He points out the effects to communities, families, the individual and the environment that are being forgotten about in the ever expanding process of economic globalization. Korten states ' the process of economic globalization are not only spreading mass poverty, environmental devastation and social disintegration, they are also weakening our capacity for constructive social and cultural innovation at a time when such innovation is needed as never before' (269).

Corporations have not always been as big and powerful as the are today. Through economic globalization they have become very powerful. 'Corporations have emerged as the dominant governance institutions on the planet, with the largest among them reaching into virtually every country of the world and exceeding most governments in size and power' (54). Prior to the Civil War, owners were personally responsible for any liabilities or debts the company incurred, including wages owed to workers. Early Americans feared corporations as a threat to democracy and freedom. After the Civil War, owners and managers of corporations pressed relentlessly to expand their powers, and the courts gave them what they wanted. Perhaps the most important change occurred when the U.S. Supreme Court granted corporations the full...