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?
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.
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.
Markus Giesler reports on the media reception to his eight year ethnographic and institutional study on the World Economic Forum that provides empirical evidence that Davos is not "improving the state of the world."
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.