State of Power seeks to examine different dimensions of globalised power, unmasking the key holders of power and identifying sources of transformative counter-power. The essays cover an impressive breadth of themes, from corporate law to the dominance of the financial sector, from big mining to food speculation, to the struggles challenging power in Mexico, Mozambique, Italy and Greece. More
This fourth edition of Transnational Institute's renowned annual State of Power report seeks to examine different dimensions of power, unmask the key holders of power in our globalised world, and identify sources of transformative counter-power.
The essays are an insightful analysis of globalised power today, covering an impressive breadth of themes, from corporate law to the dominance of the financial sector, from big mining to food speculation. They also bring to the fore social struggles to challenge power dynamics, from Mexico to Mozambique, from Canada to Italy and Greece.
- The new Global Corporate Law by Juan Hernández Zubizarreta examines how transnational corporations have succeeded in replacing rule of law with Global Corporate law, using a multitude of norms, treaties and agreements - most recently the Transatlantic Trade & Investment Partnership - to secure their rights to profit above human rights.
- Political Capture by the Financial Industry by Manolis Kalaitzake asks the question: How did the financial sector succeed escaping censure and even effective regulation despite the global economic crisis? Through the case study of the proposed Financial Transaction Tax, Kalaitzake looks at how the financial sector succeeded in capturing policy and politicians and how we might challenge their power.
- The True Stakes of Internet Governance by Richard Hill notes how ,any people understand how the Internet has revolutionised society, but have we really grasped the power implications? The essay shows how US policy-makers have used the ad hoc ‘multi-stakeholder’ governance of the Internet for political and economic ends.
- Gambling on Hunger and Climate Change by Sasha Breger Bush argues that financial speculation has not just rewarded bankers; it has played a major role in fuelling hunger, land dispossession and climate change. Yet the financial sector innovates false financial ‘solutions’ to the very problems it creates.
- Mexico: Challenging Drug Prohibition from Below by Sebastian Scholl, reporting on the horrific forced disappearance of 43 students in Iguala reveals how organised crime and corruption thrive in conditions of institutional or democratic weakness, shaped to a large extent by distinctive transnational relations (importantly, in this case, with the US). Fortunately groups like the Movement for Peace with Justice and Dignity are showing a burgeoning ‘social power‘ that has the potential to change politics and policy.
Contesting Big Mining from Canada to Mozambique by Judith Marshall asks how have mining transnational companies and the extractive industry become so powerful in every country, no matter their political shade? Marshall shows how the ‘promiscuously intimate’ relationship between governments and companies developed and how we might resist.
Organising workers’ Counter-power in Italy and Greece by Lorenzo Zamponi and Markos Vogiatzoglou says that while austerity in Greece and Italy has struck workers' particularly hard, it has also been the context for radical innovations in ’organising the unorganised’, building new kinds of work spaces and even taking control of production.
How Economics bolstered Power by obscuring it by Michael Perelman concludes the volume examining how economists consistently have upheld the power of elites, at times by taking their side overtly, but most often by ignoring or obscuring power, giving economics a veneer of science, in which the impact on people and the environment is hidden from public view.
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