According to Top 200, an institute for political studies, of the 100 largest economies in the world, 51 are corporations; only 49 are countries. General Motors is bigger than Denmark and three times bigger than New Zealand; the combined sales of the top 200 companies are greater than those of the combined economies of all but the ten largest countries. “It is the size and protection afforded by corporate law and governments that gives corporations the power to set the rules and encourages their arrogance” (Madeley). Globalization is currently dominated by companies that have too much freedom without any impact on their actions. Corporations are able to increase their wealth and political and economic power through freedoms greater than those of individuals. Governments around the world are to blame for letting these multinationals “exploit” the system, and financial deregulation has only exacerbated this problem. Governments have introduced cuts to healthcare, education and other vital social services around the world as a result of government-prescribed structural adjustment policies. the International Monetary Fund (an organization that supposedly works to foster global growth and economic stability) and the World Bank as conditions for loans and repayments (Stiglitz). In other words, the government runs out of money used in communities to “bail out” and support struggling large companies. It is becoming a major concern why businesses receive more government support than individuals. Furthermore, it is essential that emerging countries open up their economies to compete with each other and with more powerful and consolidated industrialized nations. These developing nations are constantly competing to see… middle of the paper… independence; furthermore, to have no repercussions on their actions. Corporations will continue to dominate and grow in size. Big business will maintain relationships with government officials causing the wealth of our economy and societies to be depleted. This is why abolishing particular laws that follow corporate personality is vital to ending corporate governance and building a better democratic society. Starting locally is essential. Reaching out to governments and asserting business rights issues is how success can be achieved. We need to familiarize the government and the courts with these ideas and help them better understand why removing these rights is in people's best interests. “The end of corporate personhood would result not in a level playing field, but in a field where We the People would once again have the advantage” (Meyers).
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