When Corporations Rule the World

January 2, 1995
This well-documented, apocalyptic tome describes the global spread of corporate power as a malignant cancer exercising a market tyranny that is gradually destroying lives, democratic institutions and the ecosystem for the benefit of greedy companies and investors. Korten (Getting to the 21st Century) points out his conservative roots and business credentials--and then proceeds to finger such classic conspiracy-theory scapegoats as the Trilateral Commission and Council on Foreign Relations as the planning agents of the new world economic order he decries. Korten, founder of the People-Centered Development Forum, prescribes a reordering of developmental priorities to restore local control and benefits. Suggested reforms include shifting tax policies to punish greed and reward social responsibility, placing a 100% reserve requirement on demand deposits at banks and closing the World Bank, which he claims encourages indebtedness in nations that can't afford it.