TITLE

THE ILLUSION OF THE 'POWER OF MARKETS'

AUTHOR(S)
Mikler, John
PUB. DATE
December 2011
SOURCE
Journal of Australian Political Economy;Dec2011, Issue 68, p40
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article examines well-established, interrelated myths about markets. Markets are in charge and not corporations on the basis of competition and not of control. It is argued that multinational corporations dominate the control of industrial sectors. The ability of states to exercise their political will is perceived to be weakened by the economic power of corporations. The notion of a placeless global corporation is the basis of the assumption of a homogeneity of corporate behavior.
ACCESSION #
72081083

 

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