When Corporations Rule the World

October 21, 2010

Markets are useful, but perfectly free markets are unsustainable.

Alright, so the title is a little sensationalistic, but the author David Korten isn’t some left-wing conspiracy theorist. For one, he was a professor at Harvard Business School, and started his career helping set up business schools in low-income countries. He believes in business, but as he explains in the introduction, traveling around the world opened his eyes to the ways in which globalization and the massive expansion of international corporate power is detrimental to small business, democracy, and the environment.

He points to several ways in which perfectly free markets inherently fail (p. 96):

And some other interesting ideas that don’t quite fit neatly into a narrative: