Why We Need to Rethink the Idea of Corporations

By Saliem Fakir, Independent Columnist, Cape Town, South Africa

By Saliem Fakir

Image Attribute: NYSE Photo Credit, Wikimedia Commons

Image Attribute: NYSE Photo Credit, Wikimedia Commons

Ask anybody what a market is and they will describe a creature that is self-moving, mythic and almost machine like as its engine drives the economy to a state of equilibrium.

Often this machine-like description fosters the erroneous idea that the market is something that can be calibrated or re-calibrated with the turn of a switch.

Adam Smith referred to the ‘invisible hand’ where individual agency within the market wonderfully produces a set of relations, exchanges and capacity for prosperity. Smith’s ‘invisible hand’ is at times interpreted as being confined to the actions of individual entrepreneurs and corporations, thus reducing the importance of economic agency that comes from the state, labor and consumers.

Neo-liberal thinkers imagined the market to be a democratic arena in which individuals acted in ways that were part of the immutable laws of nature. A market is a system aided only by prices to efficiently co-ordinate demand and supply.

But to talk of the market as a singular phenomenon is to obscure market activity that is diverse and also divided in its nature. Part of the market is the real economy related to production and building things, another is the activity of financial services and unearned income. Parts of the market are also non-monetized like voluntary labor, child rearing and so on.

Current notions of the market and economy tend to put an inconvenient cover on the market’s workings, especially the role of corporations in the dynamics of the market. In a special supplement on state-corporate relations in February 2014, The Economist’s observation was apt: “Many people now suspect that the key to success in business is not necessarily to be the most competitive, but the best connected.”

David Runciman, while recently reviewing the book Behind the Mask by Tom Bower on celebrity entrepreneur Richard Branson in the London Review of Books noted that Branson prefers to avoid competition despite claims to the contrary: “His business strategy is to get as close as possible to people with power and then exploit the connection for all it’s worth”.

It would be naïve free marketism to conceive of corporations as if they were individuals, part of the citizenry and apolitical. Corporations are an agglomeration of individuals pursuing a stake or share in the economy. They seek closer relations with the state than they do with citizens.

Power in the market has also shifted. The growth in financial services, as a result of deregulation, and those who control capital marks the biggest single shift in market economies in the last thirty years. As we all know today, the 2008 financial crisis caused global systemic risk and imbalance to the detriment of the global economy.

And state-corporate relations are growing tense following the financial crisis, as governments are burdened with low tax revenues and high debt. Many of these tensions revolve around tax evasion by corporations seeking to locate in tax havens, engage in transfer pricing schemes and not doing enough to create jobs in their national economies. The leakage of tax revenue as a result of transfer pricing in developing countries is estimated to be around $365 billion per year.

The effects of the financialisation of the economy on non-financial corporations (NFCs) have also been extensively researched. An empirical study involving US firms over the 30-year period 1973-2003 found two important phenomena: 1) the managerial behaviour of NFCs changed under pressure to service financial markets through increased transfers of earnings from dividends, stock buy-backs and interest payments and 2) these obligations in turn have also ‘financialised’ the way earnings are generated with NFCs themselves moving into financial markets with investments in financial assets as well as offering loans and other means to improve their earnings.

The consequence has been diversion of investment away from the real economy and a far bigger focus on short-term results with a preference for rent seeking.

Weakening one countervailing force only strengthens another, which endangers balance within the system. The weakening of labour unions shifts more power and income share in favour of management and shareholders.

In this regard, the effect on U.S. workers has been so corrosive that former U.S. President Barack Obama has had to put the issue of the minimum wage back into economic policy debates. In the UK and other countries, the issue of high CEO and management salaries has come under scrutiny.

A new lens is required to unpack what corporations are, how their influence works, their tax structures and what their impact is on markets and the politics between states and citizens.  We have moved far from the mundane idea that corporate success is the result of a single ingenious entrepreneur, hard work, innovation and tenacity. This is pure fiction.

The best way to talk of a market is not as a set of individuals acting freely, but a system of power relations between the state, corporations, labour and consumers that defines the degree of freedom and movement within that system.

The closed corporation is private collective power coming to bear on the market. Early economic theory did not envisage such a growth of the closed corporation as we see today. There are about 50,000 multinational or global corporations that are bound neither by national jurisdiction nor the obligation to be patriotic to any national ethos or political system. Only those who have substantial shareholding by the state have some obligation and accountability to national interests.

The sheer size of these corporations and their clout does not limit their temptation for rent seeking. They also behave in a way that influences how governance over market rules is shaped by the state.

Corporations understand more than economic theorists that shaping market rules and flows of incentives is key to everything. Having good, incestuous and even corrupt relations with the state is good for business. Globally, as in South Africa, state-corporate relations can go through promising and rough patches at different times.

South Africa is not immune to the effects of corporate power if one examines the numerous cases of anti-competitive behaviour that the Competitions Commission Tribunal has to deal with. Large corporations often seek to influence the rules of the game in their favour.

Corporations are not sitting ducks getting the raw end of policy and legislative change. If they cannot change the rules from outside they will do it from the inside. It is not uncommon to hear of staff secondments and the funding of experts to help with research, drafting new policies or legislation. For example, the UK’s Guardian newspaper reported on this issue in relation to private utility companies working with their state energy regulator to draft rules and policies that influence electricity markets and pricing.

While it is not wise to always make large corporations villains, there are sober realities of corporate power that cannot be ignored. Even mainstream economists such as Daniel Alpert in his book, Age of Oversupply, concludes that the balance has tilted far too much in favor of large corporates, pointing mainly at the financial corporations. He is calling for the era of ‘managed capitalism’ to return.

The key to managing excesses in the market system is to strengthen the levers of the state, acting punitively against anti-competitive behavior, strengthening consumer and labor groups, discouraging conflict of interest between state and corporations when it comes to policy and the formulation of legislation, acting globally with other governments to deal with tax evasion and strategically shaping market dynamics through the use of state enterprises when there are monopolies in essential services and goods.

For the market to be democratic it can’t do so by itself. It requires active agency. Active agency can only come from diverse countervailing measures and forces that have an interest in how wealth is created and how it flows in an economy. The problem with out-dated views of market theory is that it tends to obscure real power and romanticize prescriptions that have nothing to do with reality.

About the Author:

Saliem Fakir is an independent writer from Cape Town, South Africa and was previously a columnist with erstwhile The South African Civil Society Information Service (SACSIS) - a nonprofit news agency promoting social justice. He is currently active in the sustainable energy field and works for the World Wide Fund for Nature. 
Name

-51,1,3D Technology,2,5G,9,Abkhazia,2,Academics,10,Accidents,20,Activism,1,Adani Group,4,ADB,12,ADIZ,1,Adults,1,Advertising,31,Advisory,2,Aerial Reconnaissance,13,Aerial Warfare,35,Aerospace,5,Afghanistan,88,Africa,111,Agile Methodology,2,Agriculture,20,AI Policy,1,Air Crash,10,Air Defence Identification Zone,1,Air Defense,6,Air Force,29,Air Pollution,1,Airbus,5,Aircraft Carriers,5,Aircraft Systems,5,Al Nusra,1,Al Qaida,4,Al Shabab,1,Alaska,1,ALBA,1,Albania,2,Algeria,3,Alibaba,1,American History,4,AmritaJash,10,Antarctic,1,Antarctica,1,Anthropology,7,Anti Narcotics,12,Anti Tank,1,Anti-Corruption,4,Anti-dumping,1,Anti-Piracy,2,Anti-Submarine,1,Anti-Terrorism Legislation,1,Antitrust,2,APEC,1,Apple,2,Applied Sciences,2,AQAP,2,Arab League,3,Architecture,2,Arctic,6,Argentina,7,Armenia,30,Army,3,Art,3,Artificial Intelligence,81,Artillery,2,Arunachal Pradesh,2,ASEAN,12,Asia,70,Asia Pacific,23,Assassination,2,Asset Management,1,Astrophysics,2,ATGM,1,Atmospheric Science,1,Atomic.Atom,1,Augmented Reality,7,Australia,56,Austria,1,Automation,13,Automotive,129,Autonomous Flight,2,Autonomous Vehicle,3,Aviation,63,AWACS,2,Awards,17,Azerbaijan,16,Azeri,1,B2B,1,Bahrain,9,Balance of Payments,2,Balance of Trade,3,Balkan,10,Balochistan,2,Baltic,3,Baluchistan,8,Bangladesh,28,Banking,52,Bankruptcy,2,Basel,1,Bashar Al Asad,1,Battery Technology,2,Bay of Bengal,5,BBC,2,Beijing,1,Belarus,3,Belgium,1,Belt Road Initiative,3,Beto O'Rourke,1,BFSI,1,Bhutan,13,Big Data,30,Big Tech,1,Bilateral Cooperation,19,BIMSTEC,1,Biography,1,Biotechnology,3,Birth,1,BISA,1,Bitcoin,9,Black Lives Matter,1,Black Money,3,Black Sea,2,Blockchain,32,Blood Diamonds,1,Bloomberg,1,Boeing,21,Boko Haram,7,Bolivia,6,Bomb,3,Bond Market,2,Book,11,Book Review,24,Border Conflicts,11,Border Control and Surveillance,7,Bosnia,1,Brand Management,14,Brazil,104,Brexit,22,BRI,5,BRICS,20,British,3,Broadcasting,16,Brunei,3,Brussels,1,Buddhism,1,Budget,4,Build Back Better,1,Bulgaria,1,Burma,2,Business & Economy,1192,C-UAS,1,California,5,Call for Proposals,1,Cambodia,7,Cameroon,1,Canada,54,Canadian Security Intelligence Service (CSIS),1,Carbon Economy,9,CAREC,1,Caribbean,9,CARICOM,1,Caspian Sea,2,Catalan,3,Catholic Church,1,Caucasus,9,CBRN,1,Cement,1,Central African Republic,1,Central Asia,81,Central Asian,3,Central Eastern Europe,47,Certification,1,Chad,2,Chanakya,1,Charity,2,Chatbots,2,Chemicals,7,Child Labor,1,Child Marriage,1,Children,4,Chile,10,China,575,Christianity,1,CIA,1,CIS,5,Citizenship,2,Civil Engineering,2,Civil Liberties,5,Civil Rights,2,Civil Society,5,Civil Unrest,1,Civilization,1,Clean Energy,5,Climate,66,Climate Change,22,Climate Finance,2,Clinical Research,3,Clinton,1,Cloud Computing,44,Coal,6,Coast Guard,3,Cocoa,1,Cognitive Computing,12,Cold War,5,Colombia,15,Commodities,4,Communication,11,Communism,3,Compliance,1,Computers,40,Computing,1,Conferences,1,Conflict,106,Conflict Diamonds,1,Conflict Resolution,48,Conflict Resources,1,Congo,1,Construction,5,Consumer Behavior,4,Consumer Price Index,4,COP26,4,COP28,1,Copper,2,Coronavirus,107,Corporate Communication,1,Corporate Governance,4,Corporate Social Responsibility,4,Corruption,4,Costa Rica,2,Counter Intelligence,15,Counter Terrorism,81,COVID,9,COVID Vaccine,6,CPEC,8,CPG,3,Credit,2,Credit Rating,1,Credit Score,1,Crimea,4,CRM,1,Croatia,2,Crypto Currency,16,Cryptography,1,CSTO,1,Cuba,7,Culture,5,Currency,8,Customer Relationship Management,1,Cyber Attack,7,Cyber Crime,2,Cyber Security & Warfare,115,Cybernetics,5,Cyberwarfare,16,Cyclone,1,Cyprus,5,Czech Republic,3,DACA,1,DARPA,3,Data,9,Data Analytics,36,Data Center,2,Data Science,2,Database,3,Daughter.Leslee,1,Davos,1,DEA,1,DeBeers,1,Debt,12,Decision Support System,5,Defense,12,Defense Deals,8,Deforestation,2,Deloitte,1,Democracy,22,Democrats,2,Demographic Studies,1,Demonetization,6,Denmark. F-35,1,Denuclearization,1,Diamonds,1,Digital,39,Digital Currency,1,Digital Economy,10,Digital Marketing,6,Digital Transformation,11,Diplomacy,14,Diplomatic Row,2,Disaster Management,4,Disinformation,2,Diversity & Inclusion,1,Djibouti,2,Documentary,3,Doklam,2,Dokolam,1,Dominica,2,Donald Trump,48,Donetsk,2,Dossier,2,Drones,14,E-Government,2,E-International Relations,1,Earning Reports,3,Earth Science,1,Earthquake,7,East Africa,2,East China Sea,9,eBook,1,ECB,1,eCommerce,11,Econometrics,2,Economic Justice,1,Economics,43,Economy,108,ECOWAS,2,Ecuador,3,Edge Computing,2,Editor's Opinion,51,Education,65,EFTA,1,Egypt,27,Election Disinformation,1,Elections,42,Electric Vehicle,14,Electricity,7,Electronics,8,Emerging Markets,1,Employment,19,Energy,316,Energy Policy,28,Energy Politics,27,Engineering,24,England,2,Enterprise Software Solutions,8,Entrepreneurship,15,Environment,47,ePayments,13,Epidemic,6,ESA,1,Ethiopia,3,Eulogy,4,Eurasia,3,Euro,6,Europe,13,European Union,229,EuroZone,5,Exchange-traded Funds,1,Exclusive,2,Exhibitions,2,Explosives,1,Export Import,6,F-35,6,Facebook,9,Fake News,3,Fallen,1,FARC,2,Farnborough. United Kingdom,2,FATF,1,FDI,5,Featured,1351,Federal Reserve,2,Fidel Castro,1,FIFA World Cup,1,Fiji,1,Finance,18,Financial Markets,58,Financial Planning,1,Financial Statement,2,Finland,5,Fintech,14,Fiscal Policy,14,Fishery,3,Five Eyes,1,Food Security,27,Forces,1,Forecasting,2,Foreign Policy,13,Forex,4,France,33,Free Market,1,Free Syrian Army,4,Free Trade Agreement,1,Freedom,3,Freedom of Press,1,Freedom of Speech,2,Frigate,1,FTC,1,Fujairah,97,Fund Management,1,Funding,22,Future,1,G20,10,G24,1,G7,4,Gaddafi,1,Gambia,2,Gaming,1,Garissa Attack,1,Gas Price,23,GATT,1,Gaza,13,GCC,11,GDP,13,GDPR,1,Gender Studies,2,Geneal Management,1,General Management,1,Generative AI,7,Genetics,1,Geo Politics,105,Geography,2,Geoint,14,Geopolitics,8,Georgia,11,Georgian,1,geospatial,9,Geothermal,2,Germany,67,Ghana,3,Gibratar,1,Gig economy,1,Global Perception,1,Global Trade,95,Global Warming,1,Global Water Crisis,11,Globalization,3,Gold,2,Google,20,Gorkhaland,1,Government,128,Government Analytics,1,GPS,1,Greater Asia,170,Greece,13,Green Bonds,1,Green Energy,3,Greenland,1,Gross Domestic Product,1,GST,1,Gujarat,6,Gulf of Tonkin,1,Gun Control,4,Hacking,4,Haiti,2,Hamas,10,Hasan,1,Health,8,Healthcare,72,Heatwave,1,Helicopter,12,Heliport,1,Hezbollah,3,High Altitude Warfare,1,High Speed Railway System,1,Hillary 2016,1,Hillary Clinton,1,Himalaya,1,Hinduism,2,Hindutva,4,History,10,Home Security,1,Honduras,2,Hong Kong,7,Horn of Africa,5,Housing,16,Houthi,12,Howitzer,1,Human Development,32,Human Resource Management,5,Human Rights,6,Humanitarian,3,Hungary,3,Hunger,3,Hydrocarbon,3,Hydrogen,4,IAEA,2,ICBM,1,Iceland,2,ICO,1,Identification,2,IDF,1,Imaging,2,IMEEC,2,IMF,76,Immigration,19,Impeachment,1,Imran Khan,1,Independent Media,72,India,653,India's,1,Indian Air Force,19,Indian Army,7,Indian Nationalism,1,Indian Navy,27,Indian Ocean,24,Indices,1,Indigenous rights,1,Indo-Pacific,4,Indonesia,19,IndraStra,1,Industrial Accidents,3,Industrial Automation,2,Industrial Safety,4,Inflation,10,Infographic,1,Information Leaks,1,Infrastructure,3,Innovations,22,Insider Trading,1,Insurance,3,Intellectual Property,3,Intelligence,5,Intelligence Analysis,8,Interest Rate,3,International Business,13,International Law,11,International Relations,9,Internet,53,Internet of Things,34,Interview,8,Intra-Government,5,Investigative Journalism,4,Investment,32,Investor Relations,1,iPhone,1,IPO,4,Iran,202,Iraq,54,IRGC,1,Iron & Steel,4,ISAF,1,ISIL,9,ISIS,33,Islam,12,Islamic Banking,1,Islamic State,86,Israel,142,ISRO,1,IT ITeS,136,Italy,10,Ivory Coast,1,Jabhat al-Nusra,1,Jack Ma,1,Jamaica,3,Japan,88,JASDF,1,Jihad,1,JMSDF,1,Joe Biden,8,Joint Strike Fighter,5,Jordan,7,Journalism,6,Judicial,4,Justice System,3,Kanchin,1,Kashmir,8,Kaspersky,1,Kazakhstan,25,Kenya,5,Khalistan,2,Kiev,1,Kindle,700,Knowledge Management,4,Korean Conflict,1,Kosovo,2,Kubernetes,1,Kurdistan,8,Kurds,10,Kuwait,7,Kyrgyzstan,9,Labor Laws,10,Labor Market,4,Land Reforms,3,Land Warfare,21,Languages,1,Laos,2,Large language models,1,Laser Defense Systems,1,Latin America,80,Law,6,Leadership,3,Lebanon,10,Legal,11,LGBTQ,2,Li Keqiang,1,Liberalism,1,Library Science,1,Libya,14,Liechtenstein,1,Lifestyle,1,Light Battle Tank,1,Linkedin,1,Littoral Warfare,2,Livelihood,3,Loans,9,Lockdown,1,Lone Wolf Attacks,2,Lugansk,2,Macedonia,1,Machine Learning,7,Madagascar,1,Mahmoud,1,Main Battle Tank,3,Malaysia,12,Maldives,13,Mali,7,Malware,2,Management Consulting,6,Manpower,1,Manto,1,Manufacturing,15,Marijuana,1,Marine Engineering,3,Maritime,50,Market Research,2,Marketing,38,Mars,2,Martech,10,Mass Media,29,Mass Shooting,1,Material Science,2,Mauritania,1,Mauritius,2,MDGs,1,Mechatronics,2,Media War,1,MediaWiki,1,Medicare,1,Mediterranean,12,MENA,6,Mental Health,4,Mercosur,2,Mergers and Acquisitions,18,Meta,2,Metadata,2,Metals,3,Mexico,13,Micro-finance,4,Microsoft,12,Migration,19,Mike Pence,1,Military,110,Military Exercise,10,Military-Industrial Complex,3,Mining,15,Missile Launching Facilities,6,Missile Systems,56,Mobile Apps,3,Mobile Communications,11,Mobility,4,Modi,8,Moldova,1,Monaco,1,Monetary Policy,6,Money Market,2,Mongolia,11,Monkeypox,1,Monsoon,1,Montreux Convention,1,Moon,4,Morocco,2,Morsi,1,Mortgage,3,Moscow,2,Motivation,1,Mozambique,1,Mubarak,1,Multilateralism,2,Mumbai,1,Muslim Brotherhood,2,Mutual Funds,1,Myanmar,30,NAFTA,3,NAM,2,Namibia,1,Nanotechnology,4,Narendra Modi,2,NASA,13,National Identification Card,1,National Security,5,Nationalism,2,NATO,33,Natural Disasters,14,Natural Gas,33,Natural Language Processing,1,Nauru,1,Naval Base,5,Naval Engineering,23,Naval Intelligence,2,Naval Postgraduate School,2,Naval Warfare,50,Navigation,2,Navy,23,NBC Warfare,2,NDC,1,Nearshoring,1,Negotiations,2,Nepal,12,Netflix,1,Neurosciences,7,New Delhi,4,New Normal,1,New York,5,New Zealand,7,News,1245,News Publishers,1,Newspaper,1,NFT,1,NGO,1,Nicaragua,1,Niger,3,Nigeria,10,Nikki Haley,1,Nirbhaya,1,Non Aligned Movement,1,Non Government Organization,4,Nonproliferation,2,North Africa,23,North America,53,North Korea,58,Norway,5,NSA,1,NSG,2,Nuclear,41,Nuclear Agreement,32,Nuclear Doctrine,2,Nuclear Energy,4,Nuclear Fussion,1,Nuclear Propulsion,2,Nuclear Security,47,Nuclear Submarine,1,NYSE,1,Obama,3,ObamaCare,2,OBOR,15,Ocean Engineering,1,Oceania,2,OECD,5,OFID,5,Oil & Gas,382,Oil Gas,7,Oil Price,73,Olympics,2,Oman,25,Omicron,1,Oncology,1,Online Education,5,Online Reputation Management,1,OPEC,129,Open Access,1,Open Journal Systems,1,Open Letter,1,Open Source,4,OpenAI,2,Operation Unified Protector,1,Operational Research,4,Opinion,687,Opinon Poll,1,Optical Communications,1,Pacific,5,Pakistan,181,Pakistan Air Force,3,Pakistan Army,1,Pakistan Navy,3,Palestine,24,Palm Oil,1,Pandemic,84,Papal,1,Paper,3,Papers,110,Papua New Guinea,2,Paracels,1,Partition,1,Partnership,1,Party Congress,1,Passport,1,Patents,2,PATRIOT Act,1,Peace Deal,6,Peacekeeping Mission,1,Pension,1,People Management,1,Persian Gulf,19,Peru,5,Petrochemicals,1,Petroleum,19,Pharmaceuticals,14,Philippines,17,Philosophy,2,Photos,3,Physics,1,Pipelines,5,PLA,2,PLAN,4,Plastic Industry,2,Poland,8,Polar,1,Policing,1,Policy,8,Policy Brief,6,Political Studies,1,Politics,52,Polynesia,3,Pope,1,Population,6,Portugal,1,Poverty,8,Power Transmission,6,President APJ Abdul Kalam,2,Presidential Election,30,Press Release,158,Prison System,1,Privacy,18,Private Equity,2,Private Military Contractors,2,Privatization,1,Programming,1,Project Management,4,Propaganda,5,Protests,11,Psychology,3,Public Policy,55,Public Relations,1,Public Safety,7,Publications,1,Publishing,7,Purchasing Managers' Index,1,Putin,7,Q&A,1,Qatar,114,QC/QA,1,Qods Force,1,Quad,1,Quantum Computing,3,Quantum Physics,4,Quarter Results,2,Racial Justice,2,RADAR,2,Rahul Guhathakurta,4,Railway,9,Raj,1,Ranking,4,Rape,1,RBI,1,RCEP,2,Real Estate,6,Recall,4,Recession,2,Red Sea,5,Referendum,5,Reforms,18,Refugee,23,Regional,4,Regulations,2,Rehabilitation,1,Religion & Spirituality,9,Renewable,17,Report,4,Reports,47,Repository,1,Republicans,3,Rescue Operation,1,Research,5,Research and Development,24,Restructuring,1,Retail,36,Revenue Management,1,Rice,1,Risk Management,5,Robotics,8,Rohingya,5,Romania,2,Royal Canadian Air Force,1,Rupee,1,Russia,310,Russian Navy,5,Saab,1,Saadat,1,SAARC,6,Safety,1,SAFTA,1,SAM,2,Samoa,1,Sanctions,5,SAR,1,SAT,1,Satellite,14,Saudi Arabia,129,Scandinavia,6,Science & Technology,392,Science Fiction,1,SCO,5,Scotland,6,Scud Missile,1,Sea Lanes of Communications,4,SEBI,3,Securities,2,Security,6,Semiconductor,18,Senate,4,Senegal,1,SEO,5,Serbia,4,Services Sector,1,Seychelles,2,SEZ,1,Shadow Bank,1,Shale Gas,4,Shanghai,1,Sharjah,12,Shia,6,Shinzo Abe,1,Shipping,10,Shutdown,2,Siachen,1,Sierra Leone,1,Signal Intelligence,1,Sikkim,5,Silicon Valley,1,Silk Route,6,Simulations,2,Sinai,1,Singapore,16,Situational Awareness,20,Small Modular Nuclear Reactors,1,Smart Cities,7,Social Media,1,Social Media Intelligence,40,Social Policy,40,Social Science,1,Social Security,1,Socialism,1,Soft Power,1,Software,7,Solar Energy,14,Somalia,5,South Africa,20,South America,46,South Asia,467,South China Sea,35,South East Asia,74,South Korea,58,South Sudan,4,Sovereign Wealth Funds,1,Soviet,2,Soviet Union,9,Space,46,Space Station,2,Spain,9,Special Forces,1,Sports,3,Sports Diplomacy,1,Spratlys,1,Sri Lanka,23,Stablecoin,1,Stamps,1,Startups,43,State of the Union,1,Statistics,1,STEM,1,Stephen Harper,1,Stock Markets,23,Storm,2,Strategy Games,5,Strike,1,Sub-Sahara,3,Submarine,16,Sudan,5,Sunni,6,Super computing,1,Supply Chain Management,47,Surveillance,13,Survey,5,Sustainable Development,18,Swami Vivekananda,1,Sweden,4,Switzerland,6,Syria,112,Taiwan,30,Tajikistan,12,Taliban,17,Tamar Gas Fields,1,Tamil,1,Tanzania,4,Tariff,4,Tata,3,Taxation,25,Tech Fest,1,Technology,13,Tel-Aviv,1,Telecom,24,Telematics,1,Territorial Disputes,1,Terrorism,77,Testing,2,Texas,3,Thailand,11,The Middle East,649,Think Tank,316,Tibet,3,TikTok,1,Tobacco,1,Tonga,1,Total Quality Management,2,Town Planning,2,TPP,2,Trade Agreements,14,Trade War,10,Trademarks,1,Trainging and Development,1,Transcaucasus,19,Transcript,4,Transpacific,2,Transportation,47,Travel and Tourism,13,Tsar,1,Tunisia,7,Turkey,74,Turkmenistan,10,U.S. Air Force,3,U.S. Dollar,2,UAE,139,UAV,23,UCAV,1,Udwains,1,Uganda,1,Ukraine,109,Ukraine War,21,Ummah,1,UNCLOS,7,Unemployment,1,UNESCO,1,UNHCR,1,UNIDO,2,United Kingdom,82,United Nations,28,United States,752,University and Colleges,4,Uranium,2,Urban Planning,10,US Army,12,US Army Aviation,1,US Congress,1,US FDA,1,US Navy,18,US Postal Service,1,US Senate,1,US Space Force,2,USA,16,USAF,21,USV,1,UUV,1,Uyghur,3,Uzbekistan,13,Valuation,1,Vatican,3,Vedant,1,Venezuela,19,Venture Capital,4,Vibrant Gujarat,1,Victim,1,Videogames,1,Vietnam,24,Virtual Reality,7,Vision 2030,1,VPN,1,Wahhabism,3,War,1,War Games,1,Warfare,1,Water,17,Water Politics,7,Weapons,11,Wearable,2,Weather,2,Webinar,1,WeChat,1,WEF,3,Welfare,1,West,2,West Africa,19,West Bengal,2,Western Sahara,2,White House,1,Whitepaper,2,WHO,3,Wholesale Price Index,1,Wikileaks,1,Wikipedia,2,Wildfire,1,Wildlife,3,Wind Energy,1,Windows,1,Wireless Security,1,Wisconsin,1,Women,10,Women's Right,11,Workers Union,1,Workshop,1,World Bank,35,World Economy,32,World Peace,10,World War I,1,World War II,3,WTO,6,Wyoming,1,Xi Jinping,9,Xinjiang,2,Yemen,28,Yevgeny Prigozhin,1,Zbigniew Brzezinski,1,Zimbabwe,2,
ltr
item
IndraStra Global: Why We Need to Rethink the Idea of Corporations
Why We Need to Rethink the Idea of Corporations
By Saliem Fakir, Independent Columnist, Cape Town, South Africa
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivlb5obgcLIW0YsZ5oZNkrZ6cLMw1_b3F4OstQs5RTJvohyphenhyphenwGk7HQdB3qRSmcgsqMHTo293NZyB730cW5SSpY2wfXIyiUYoGsbfKfBej5rROD1_plWcFlHr4mY4zaa-_hTC_Y7u2qWAS1M/s640/stockexch.png
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivlb5obgcLIW0YsZ5oZNkrZ6cLMw1_b3F4OstQs5RTJvohyphenhyphenwGk7HQdB3qRSmcgsqMHTo293NZyB730cW5SSpY2wfXIyiUYoGsbfKfBej5rROD1_plWcFlHr4mY4zaa-_hTC_Y7u2qWAS1M/s72-c/stockexch.png
IndraStra Global
https://www.indrastra.com/2017/08/Why-We-Need-to-Rethink-Idea-of-Corporations-003-08-2017-0024.html
https://www.indrastra.com/
https://www.indrastra.com/
https://www.indrastra.com/2017/08/Why-We-Need-to-Rethink-Idea-of-Corporations-003-08-2017-0024.html
true
1461303524738926686
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content