So, I’ve been researching and teaching about the expansion of the global capitalist system for decades. From all the research I’ve done, it strikes me as just about inevitable that business will soon break away from its national charter licence system to one that is supra-national.
International law as it now stands is virtually toothless, but it won’t be long before a global justice system with enforcement capabilities will be necessary. When large business corporations no longer operate nationally, but have their headquarters in one country, research and development in another and production in several others with no one country able to legislate their activities, it’s time for a change. The Canadian Manufacturers and Exporters Association, formerly the Canadian Manufacturers Association, has no problem representing businesses who produce nothing (or virtually nothing) in Canada. Businesses that formerly produced (manufactured) refrigerators, stoves and other appliances in Canada but who now produce them in China in their own factories or under licence to Chinese companies or in other countries with low wages and virtually no health and safety standards for workers are still considered Canadian manufacturers. To me that’s pretty odd.
As business corporations become more and more global they will need to be regulated more and more globally if we have any hope at all of avoiding becoming nothing but fodder for the creation of obscene corporate profits. Of course, it’s much more complicated than I’ve stated it here. I’ll have more to say about this in subsequent blog posts. In the meantime, have a look at the article for which I’ve included a link above. Check out its provenance, the Tellus Foundation. What they propose in this article is a new global charter system for business corporations.