“Yes agreed.  At the end he misses 3 points:

“Why should nations cope with power and perils of multi-national companies?  Isn't it the other way round?  Nestle feeds people.

“It wasn't only lack of regulation that caused the global credit crisis.  It was people themselves being greedy.

“Monopoly anti trust protects people these days.”

David Fuller's view

Thanks and well said. 

This is a subject dear to my heart, or perhaps I should say portfolio.  The Autonomies (big, successful multi-national companies) have outgrown their countries of origin.  They now have immense wealth and influence, so is this good or bad?

There will always be some exceptions but over all I maintain this is very good.  Corporations are attracting the best talent.  Who do you rate more highly or trust more, the politicians in your government, or any other government you care to mention, or the executive boards of the companies in your investment portfolio? 

Increasingly, successful corporations have the best interests of their customers and shareholders in mind.  This is a matter of commonsense and good business practice, rather than charity.  Politicians have the best interests of their supporters in mind but they may not be highly qualified leaders and they may not regard you as one of their constituents.  Most corporations pay dividends to their shareholders.  Politicians are often keen to raise taxes on wealthy minority sectors of the population.  Corporations generate economic growth and often employ people more successfully and productively than governments.

Frankly, I have far more confidence in proven business leaders, rather than elected politicians, not to mention the unelected rulers.