What is corporate globalization?
The term corporate globalization is a way of describing the current situation in which transnational corporations dominate key social, economic, and political institutions and steer human culture, government policies, and international trade and investment in ways that prioritize corporate profits above all else. Some call it “the McDonaldization of the world.” This situation has also been called “empire,” a new form of colonialism dominated by the United States, which uses its political, economic, and military power to extend free-market capitalism around the world. Others call it corporate rule. This book provides an overview of the global economy. It describes the growing rights of corporations and shows how the rulemaking institutions of the global economy (like the IMF, World Bank, and WTO) defend those rights. It also describes the police and military enforcement mechanisms of corporate globalization. You speak of a “race to the bottom.” What does this mean? Transnational corpora
