Do Corporations Rule the World? And does it Matter?

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Abstract
The real power of world rule resides with the global financial markets that dominate the decisions of both corporations and governments, demanding ever greaterfinancial returns to shareholders regardless of the cost to society. The costly reality is masked by increases in stock market and GDP indices that create the illusion of increasing prosperity even as global capitalism destroys the real capital on which our well-being depends. The key to resolving our crisis of growing inequality, environmental devastation, and economic instability is to recognize that there are real and attractive alternatives to the new global capitalism that have nothing in common with the failed models of socialism. One of the more promising involves restoring democracy and putting in place the conditions necessary for the market's healthy function.

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