Global Corporations Now Eclipse the Power of Sovereign States: We are at Their Mercy

[babsbunny]

Global Corporations Now Eclipse the Power of Sovereign States: We are at Their Mercy

http://blog.buzzflash.com/editorblog/320

Submitted by mark karlin on Wed, 06/02/2010 - 10:55am.

MARK KARLIN FOR BUZZFLASH, EDITOR'S BLOG

To say that many global corporations get away with murder is not an understatement; it's a likely fact. BP --despite the DOJ's investigation which given the Obama Administration's corporatist record will end up putting some low level figure or two in jail to avoid offending the President's corporate CEO buddies -- as miners get killed because of the intentional negligence of Massey Energy in West Virginia, as men on oil rigs in waters that shouldn't be drilled in get blown to smithereens, and union organizers killed by paramailitary groups with alleged relations to Coca Cola in Colombia and elsewhere, and the list goes on and on.

And then there are the slave wages, toxic pollution, deaths caused by cancer, predatory monopoly of the earth's harvest as Monsanto is doing around the world with its GMO rice. Then there is the IMF and World Bank forcing third world countries to by from these firms. Then there is Wal-Mart as our de facto State and Commerce Department power behind the U.S. presence in China, paying slave wages to sell cheap products to Americans who have lost their jobs. The list goes on and on.

[BrklynLiberal]

1. Well..perhaps when we are all gone..the earth will replenish itself and start a new..

[Echo In Light]

2. K/R

[FarCenter]

3. Not true for oil -- ExxonMobil, for example, is the fifteenth largest oil company in the world

About 3/4 of the worlds oil reserves are controlled by state-owned oil companies, such as Saudi Aramco, Gazpro, CNPC, NIOC, PDVSA, Petrobras, etc.

The global multinational oil companies such as BP, Shell, ExxonMobil, Conoco Phillips, etc, only produce about 10% of the oil and have about 3 % of the reserves.

"The End of the Free Market", Ian Bremmer, page 56.