What are the effects of corporate market globalization?
Unlike an armed invasion, the effects are not visible in the short term. But the long-term effects may be more disastrous than an armed invasion. The occupation is not announced by armies marching in and killing people so that they resist. As a famous U.S. Secretary of State, John Foster Dulles, said long ago: “There are two ways of conquering a foreign nation. One is to gain control its people by force of arms. The other is to gain control of its economy by financial means”. Dulles puts the matter clearly. A lot of my work has been to uncover the inner logic of this “conquest by financial means”. I won’t try to explain that here, but it is borne by an incremental process – big banks centring in Wall Street lending money to governments at compound interest, multinational corporations buying up resources and private and public infrastructures of production aided by IMF demands, and so on. I look for the underlying pattern that connects the dots and the crises. Question: What is the over
