Economic Power also wields Political Power




While the drive for efficiency is always a good thing (as it should help prevent wasting resources), oftentimes, the goal of keeping these costs down also leads to reducing wages, working conditions and often the basic rights of people.occurs because these corporations and even some nations seek out places where poor labor regulations can be taken advantage of in an unfair way, or by not supporting-or even opposing-international or national bodies and policies that could help to ensure fairness.regarding the notion of efficiency, there is a difference between an industry or corporation driving towards efficiency for maximizing profits, versus driving towards efficiency that would benefit society.highlight this point further, take for example the illegal drug or tobacco industries. They, like other industries need to operate efficiently and minimize unnecessary costs. However, their impact on society is negative to say the least.

Точно также, другие отрасли промышленности, такие как автомобильная/транспортная промышленность, отрасли здравоохранения. Некоторые транснациональные корпорации делают продажами больше, чем ВВП (Внутренний валовой продукт) многих стран. Из 10000 самых дорогих объектов, 51% принадлежит корпорациям. В то время как это может восприниамться как успешное заявление с некоторых точек зрения, другие предполагают, что эти и другие большие корпорации в значительной степени не несут ответственности за многие социальные проблемы и проблемы окружающей среды, которые они за собой оставляют, а их их размер означает, что их влияние заслуживает внимания.

In the same way, other industries, such as the automobile/transportation industries, health industries. Some transnational corporations make more in sales than the GDPs (Gross Domestic Product) of many countries! Of the 100 hundred wealthiest bodies, 51 percent are owned by corporations. While this can be seen as a success story from some viewpoints, others suggest that these and other large corporations are largely unaccountable for the many social and environmental problems that they leave in their wake, and that their size means that their effects are considerable.is not that every single corporation is inherently bad or greedy or something like that, but oftentimes, the very large, multinational corporations who naturally have vested interests in international development and trade policies (like any group) are able to deploy enormous financial resources in an attempt to get favorable outcomes. The political power that is therefore held by such a small number of people impacts the planet significantly. As a result a few of these corporations make up some of the most influential sources of political and economic power.its prominence in political debate, corporate power and its systems of checks and balances are not well understood. Corporate power at its current level was not foreseen by early lawmakers and constitutional scholars, and its foundation in law is uneasy and inconsistent. But it is clear that the question of the legitimacy of corporate power in the United States has been transformed.

Originally, the government had to review and specifically approve each corporate charter as being essential for a specific purpose that was in the public interest. Now one does not ask so much as notify the state that a corporation has been created. Anyone can incorporate for any activity that is not illegal. And the corporation, granted at least some of the constitutionally protected right of free speech originally contemplated for individual citizens, has now been accorded the right to question and challenge whether government is acting in the public interest.fact, government is now as much a creation of business as the other way around. Businesses grew so fast that there was no opportunity for other national institutions to develop adequate power to filter the impact of commerce on civil life. So Big Business begot Big Government. Because the goals of business are not always identical to the goals of society (which is partially a failure of the corporate governance system), some institution was needed to harmonize the undoubted benefits of active commerce with the various needs of other constituencies. In the United States, this organization was the federal government, the only other major national institution.influencing governments, larger multinational companies especially, with their enormous resources wield significant political as well as economic power as also highlighted by the above quote as witnessed by the 2000 Presidential Election in the United States, where corporate donations to both Bush and Gore were in the millions of dollars.



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