Should 185 sovereign nations allow 750 giant corporations to
invest corporate profits as they alone see fit, or must public
authority be mobilized to protect public interest by reining in
these economic behemoths as they roam the global markets? By
integrating many fields of knowledge and bringing to bear their
disparate viewpoints, Dr. Saari makes his own viewpoint clear: The
people did not elect investment bankers and CEOs, and neither group
represents the people and the public interest. His book is a
compelling argument for offering others a place at the table and
for giving them a voice in deciding how billions in world
currencies should be spent or invested. Comprehensive,
multidisciplinary, empirical and analytical, Dr. Saari gives a
coherent, reliable examination of the many pressure points between
globalizing corporations and the nations in which they are embedded
(and to which perhaps they should be indebted).
Dr. Saari's exploration takes into account a variety of eactors:
popular national sovereignty, the variable definitions of
capitalism, clashing views on the need for foreign trade, corporate
practices like labor downsizing in home nations and their growing
labor, tax, and regulatory problems. He makes three key points: (1)
Regulated capitalism by nations is a viable public control system
to shape the investment choices of giant corporations in such a way
as to include the public interest; (2) Popular sovereignty in a
democratic society directs all subunits of that society.
Corporations must be separate from the state and subordinate to it;
and (3) Most nation-states need to cooperate more fully to
regulate, in a globally coordinated way, the global actions of
giant coporations, especially with regard to decisions on direct
foreign capital investment. Meticulously documented, with a
comprehensive bibliography and two important appendices, Dr.
Saari's book is essential for scholars and students in a wide range
of academic disciplines, and for their colleagues in policy making
capacities throughout government and the world's growing and ever
more global corporations.
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