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When Corporations Rule the World 2ND Editionby David C Korten
Synopses & Reviews
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.
Book News Annotation:
While protestors at the WTO meetings in Seattle and at similar meetings of the global financial institutions have been derided as ill-informed troublemakers by the majority of the press, Korten (former advisor to the Ford Foundation and U.S. Agency for International Development) argues that their concerns about increasingly centralized corporate power are essentially right. He outlines the evolution of corporate power over the economy and governance worldwide, while acknowledging the severe depredations it causes to millions around the world. After looking at many facets of the problem in financial systems, flawed economic analyses, declining democratic institutions, and other aspects of growing corporate power, he offers some solutions. He grounds his alternative in a theory he calls the "Ecological Revolution" that would attempt to localize economies, while globalizing cooperation among communities.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
As last year's World Trade Organization protests in Seattle indicate, author Korten is not alone in his concern about the harmful effects of globalization on politics, society, and the environment. He examines how economic globalization has resulted in the emergence of a new organizational form--the transnational corporation.
""""It is absolutely essential to be exposed to David C. Kortens work. . .on corporations and viable alternatives to corporate hegemony.""""
--Educate! Volume 2, Issue 3
*An international best-seller
*Endorsed by Archbishop Desmond Tutu and World Economic Forum Founder Klaus Schwab
This second edition updates the reader on the deepening human crisis of the global economy. The gap between rich and poor continues to grow, and people continue to exploit the planet. Korten writes of the new global citizens' movement of activism in response to corporate globalization, and of civil society groups' efforts to restructure global economic governance. He transitions from a critical analysis of the new world order to an optimistic focus on the role of spirit and culture in a ""civil-ized"" society.
About the Author
David C. Korten is a cofounder and board chair of YES! Magazine, a cochair of the New Economy Working Group, the founder and president of the Living Economies Forum, a member of the Club of Rome, a founding board member emeritus of the Business Alliance for Local Living Economies, a former associate of the International Forum on Globalization, and a former Harvard Business School professor.
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