Growing numbers of thoughtful business executives are joining social activists in a shared concern that the emerging global system of business has become a serious threat to long-term human interests. This controversial book goes beyond the prevailing conventional wisdom to address the often neglected issues of modern corporate power. In a well-reasoned, extensively researched analysis, David Korten exposes the harmful effects of economic globalization; sets out the underlying causes of today’s social, economic, environmental, and political crises; and outlines a strategy for creating localized economies that empower people and communities within a system of global cooperation.
In When Corporations Rule the World, Korten shows how the convergence of ideological, political, and technological forces is leading to an ever-greater concentration of economic and political power in a handful of corporations and financial institutions, separating their interests from the human interest, and leaving the market system blind to all but its own short-term financial gains.
Korten documents the devastating human and environmental consequences of the successful efforts of corporations to reconstruct values and institutions everywhere to serve narrow financial ends. He explains why human survival depends on a community-based, life-centered alternative beyond the outmoded strictures of communism and capitalism, and suggests specific steps to achieve it.
Literate and authoritative, When Corporations Rule the World is insightful reading for business people, activists, and ordinary citizens who want to restore the balance of power in the world.
David C. Korten is founder and president of the People-Centered Development Forum, a global alliance dedicated to the creation of just, inclusive, and sustainable societies through voluntary citizen action. He earned MBA and Ph.D. degrees from Stanford University’s Graduate School of Business, served as a faculty member at the Harvard University Graduate School of Business, and conducted research at the Harvard Institute for International Development. He served as a Ford Foundation project specialist in Manila and as Asia Regional Advisor on Development Management for the U.S. Agency for International Development. He has thirty years of field experience in Asia, Africa, and Latin America as a writer, teacher, consultant, and academic administrator.