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Global Woes: World’s Richest Entities Are Now Corporations – Not Governments – commentary

01/18/2019 – 12:30 am

At the Heart of Global Woes, 157 of World’s 200 Richest Entities Are Now Corporations, Not Governments

From massive inequality to the climate crisis, these powerful corporations “are able to demand that governments do their bidding”

by Jake Johnson -, Common Dreams 
As corporations in the United States and around the world continue to reap record profits thanks to enormous tax cuts, widespread tax avoidance schemes, and business-friendly trade and investment policies, an analysis by Global Justice Now (GJN) published recently found that the world’s most profitable companies are raking in revenue “far in excess of most governments,” giving them unprecedented power to influence policy in their favor and skirt accountability.           
The vast wealth and power of corporations is at the heart of so many of the world’s problems—like inequality and climate change.”  —Nick Dearden, Global Justice Now          Continue reading →
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