Is America Necessary? Conservative, Liberal, & Socialist Perspectives of United States Political Institutions

By Henry Etzkowitz; Peter Schwab | Go to book overview

6 Multinational corporations
The basic questions this chapter will address are:
1. Are multinational corporations solely economic institutions? Or are they essentially political institutions that also conduct business?
2. What are the effects of multinational corporations on the United States?
3. What effects do multinational corporations have on countries other than the United States?
4. Can multinational corporations be controlled by any other political institution?

Multinational corporations operate in a number of countries and have the ability to shift personnel and resources from one country to another, effectively removing themselves from domination by any national government.

Conservatives believe that multinational corporations are economic organizations that play a positive role in the development of poor countries and in the economic expansion of rich countries. Because multinationals are effectively organized, well-financed, and well-run, they are eminently suited to coordinate world economic development. Conservatives hold that multinational corporations are, at present, the only organizations that have a world perspective and the capacity to engage in effective economic development. Such corporations must be left alone to conduct their own business. National governments should not be permitted to hamper their activities. Both developed and developing countries should recognize and support the role that multinational corporations play in agrarian, industrial, and technological development.

Liberals maintain that multinational corporations, left to their own devices, will abuse the power their financial and economic resources give them. They believe that the economies of poor countries are stunted by the monopolization of economic enterprise by multinationals. The economies of the Western world can also be hurt if there is no control over them. An example of this type of activity is the arrangement that international oil companies made with producing nations, in 1973-74, to increase sharply the price of oil.1

Multinationals are accepted by liberals as an economic fixture in the world. They hold that if permitted, multinational corporations will exert political power over national governments. For liberals, government legislation is the answer to the abuses of power that multinationals engage in it given the chance. Countervailing forces exist which can limit the undue influence exerted by multinational corporations. These are labor unions, small business, and government. The first two are discounted as viable forces because they have little means of exerting authority across national boundaries. The ability to transcend national boundaries is the

-209-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Is America Necessary? Conservative, Liberal, & Socialist Perspectives of United States Political Institutions
Table of contents

Table of contents

  • Title Page i
  • Preface ix
  • Contents xi
  • Introduction 1
  • Part One 15
  • 1 - Where Do I Stand? 17
  • Conservative 21
  • Conclusion 28
  • Socialist 44
  • Notes 46
  • Part Two 57
  • 2 - The Presidency 61
  • Conservative 67
  • Socialist 79
  • Notes 85
  • 3 - The Pentagon 101
  • Conservative 107
  • Socialist 117
  • 4 - The Secret Police 133
  • Conservative 139
  • Socialist 152
  • Notes 160
  • Part Three 167
  • 5 - Elite Clubs and Associations 169
  • Conservative 173
  • Notes 184
  • Notes 192
  • 6 - Multinational Corporations 209
  • Conservative 213
  • Socialist 221
  • Notes 244
  • 7 - Organized Crime 257
  • Conservative 259
  • Socialist 264
  • Part Four 283
  • 8 - Congress 285
  • Conservative 289
  • Socialist 296
  • Notes 303
  • 9 - The Courts 315
  • Conservative 319
  • Socialist 330
  • Notes 337
  • 10 - Regulatory Agencies 347
  • Conservative 349
  • Socialist 361
  • Notes 369
  • Political Parties 385
  • Conservative 387
  • Liberal 396
  • Conclusion 410
  • 12 - Academia 413
  • Conservative 416
  • References 427
  • Notes 434
  • Part Five 449
  • 13 - The Media 451
  • Conservative 453
  • Liberal 467
  • Notes 474
  • 14 - Banks 483
  • Conservative The Great Banking Retreat. 485
  • Socialist 489
  • Notes 497
  • 15 - Unions 511
  • Conservative 513
  • Notes 519
  • A Critical Issue 537
  • 16 - The Economic Crisis 539
  • Conservative 542
  • Socialist 544
  • Notes 550
  • Part Seven 557
  • 17 - Political Programs 567
  • Louis Banks. the Mission Of Our Business Society. 568
  • Ralph Nader and Donald Ross. Toward an Initiatory Democracy. 576
  • Stanley Aronowitz. On Organization: A Good Party Is Hard to Find. 581
  • Mass Parties and Reformism 587
  • Notes 596
  • Fred R. Harris. Up With Those Who'Re Down. 602
  • Part Eight 613
  • Appendix 621
  • Note 644
  • Index 649
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 658

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.