Friday, February 7, 2020

Posts that I especially recommend today: Friday, February 7, 2020

  • Corporations as private sovereign powers: the case of Total by Alain Deneault from CADTM (Committee for the Abolition of Illegitimate Debt). (Note: The author focuses on the "French" energy corporation as an example of a transnational corporation.) He concludes his essay with this statement about his examination of the example of a transnational corporation, Total:
We need to treat Total not just as a large energy corporation, but rather as a private, multi- and transnational, private, sovereign power that serves the interests [profits] of a highly diversified shareholder base and intervenes [power] in innumerable political, cultural, social, financial, industrial and academic issues. [my insertions]