Wednesday 21 August 2019

Pros and Cons of Multi-National Business


I just finished reading a blog at https://godcannotbecontained.blogspot.com/2019/08/is-god-ready-to-punish-globalists.html. It is a discussion of one man’s view of what some call Globalists.  I am not a fan of much of what international businesses and their political supporters and protectors (such as the USA military) have done around the world, but I have to admit that international trade and co-operation has surely improved the lot in life of huge numbers of people. Only about 10% of the world’s people live in extreme poverty compared to about 35% thirty years ago. Basically, famine only happens for political and military reasons now.  Infectious diseases seem on the wane, and life expectancy has gone up almost radically in many countries. A lot less people are dying in wars than in the last century, and education has opened doors to the masses. The world is, in many ways, getting to be a much better place to live than it used to be.

Nonetheless, I do think that the unbridled power associated with the advent of multi-national business protected by the enforcement tactics of the military has occasioned a lot of needless pain. I think at the heart of it is the adherence to the concept of limited liability for owners of corporations. If we did not have corporate shields for individual’s assets, power would not concentrate so readily and dangerously as it does now.  

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