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.
Austerity in Greece and Italy has struck workers' particularly hard, but it has also been the context for radical innovations in ’organising the unorganised’, building new kinds of work spaces and even taking control of production.
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.