The World Economic Forum’s Global Redesign Initiative is perhaps the best reflection of how corporations and other elites envision the future of governance. It calls for marginalising intergovernmental decision-making with a system of multi-stakeholder governance, but what does this mean for democracy, accountability and the rule of law?
This infographic illustrates some dimensions about why we believe the World Economic Forum is fundamentally about increasing corporate profits and rewarding political elites rather than “improving the state of the world.” It is an undemocratic, unaccountable and illegitimate institution that, far from improving the world, has over decades reinforced the global crisis of inequality, poverty, and environmental destruction.
States are not only handing over more of the economy and policy-making to corporations at national level, they are also doing so at international level. Harris Gleckman summarises the Global Redesign Initiative that has come out of the World Economic Forum and represents the best summary of corporations' vision of what they want global governance to look like. What are its principle features? What dangers does it pose to democracy?
Susan George looks back at her four decades of scholarship to explain what led her to write her different books, how it formed her vision of power and the best ways to challenge the Davos class in order to deliver a more just world.
Vice News - The World Economic Forum — the folks who organize the annual winter retreat in Davos, Switzerland, for the international elites who claim to know how the world should work — say that Qatar has the most efficient government on the planet.
Economists consistently have upheld the power of elites, at times by taking their side overtly, but most often by ignoring or obscuring power, giving economics a veneer of science, in which the impact on people and the environment is hidden from public view.
How have mining transnational companies and the extractive industry become so powerful in every country, no matter the political shade. Marshall shows how the ‘promiscuously intimate’ relationship between governments and companies developed and how we might resist.
Financial speculation has not just rewarded bankers; it has played a major role in fuelling hunger, land dispossession and climate change. Yet the financial sector innovates false financial ‘solutions’ to the very problems it creates.
Many people understand how the Internet has revolutionised society, but have we really grasped the power implications? Richard Hill shows how US policy-makers have used the ad hoc ‘multi-stakeholder’ governance of the Internet for political and economic ends.
How did the financial sector succeed escaping censure and even effective regulation despite the global economic crisis? Through the case study of the proposed Financial Transaction Tax, Kalaitzake looks at how the financial sector succeeded in capturing policy and politicians and how we might challenge their power.
The fourth edition of our annual State of Power report, coinciding with the international meeting in Switzerland of what Susan George calls “the Davos class”. This series seeks to examine different dimensions of power, unmask the key holders of power in our globalised world, and identify sources of transformative counter-power.
Davos, perhaps more than any other gathering, epitomises the way political power and global governance have in recent decades been entrenched into a small corporate elite. This elite have succeeded not only in capturing our economy, but also our politics, and increasingly our culture and society too.
Transnational corporations, particularly gas & oil industry, and banking have continued to benefit extraordinarily from the ongoing economic and financial crisis, says Brid Brennan, who presents TNI's State of Power Report 2014 at the Public Eye Awards in Davos.
Who are the global 1%? What companies do they run? How do they escape accountability? Check out TNI's powerful infographic displays that expose the social and environmental costs of global corporate power.