Property, Power and Politics: Why We Need to Rethink the World Power System

Globalization is a power system feeding from and in competition with the state system, leading to the rejection of democracy and the rise in inequality. This revolutionary work rethinks globalization as a power system that requires global reach and power but without the corresponding responsibilities.

Format: Paperback / softback
Length: 416 pages
Publication date: 05 October 2020
Publisher: Bristol University Press

Globalization is a remarkable phenomenon that has a profound impact on almost every aspect of our lives. To effectively address the pressing challenges our world is facing today, such as climate change, world hunger, and poverty, it is crucial that we gain a deeper understanding of the workings of economic power in a globalized world. This groundbreaking book reimagines globalization as a power system that feeds from and competes with the state system. Spanning disciplines such as law, politics, and economics, it delves into the transformation of multinational enterprises into global political organizations with immense reach and power, yet without the corresponding responsibilities. By examining how the concentration of property rights within corporations has led to the rejection of democracy as an ineffective system of government and the rise in inequality, Robé provides a clear roadmap toward a fairer and more sustainable power system.

The impact of globalization is far-reaching and multifaceted. It has facilitated the exchange of goods, services, and ideas across borders, leading to increased economic growth and development. However, it has also brought about significant challenges, such as job displacement, income inequality, and environmental degradation.

One of the key aspects of globalization is the rise of multinational enterprises (MNEs). MNEs are companies that operate in multiple countries and have a global presence. They have become powerful economic actors, with significant influence over governments, economies, and societies.

One of the challenges posed by MNEs is their lack of accountability. They are often able to operate in countries with weak regulatory frameworks, where they can exploit labor and natural resources without regard for human rights or environmental regulations. This has led to criticism of globalization, with some arguing that it is responsible for the exploitation of workers and the degradation of the environment.

Another challenge posed by globalization is the concentration of property rights within corporations. This has led to the erosion of democratic governance and the rise of authoritarianism. Corporations have become so powerful that they can influence government policies and regulations to their advantage, often at the expense of the public interest.

To address these challenges, there is a need for a more equitable and sustainable power system. One approach is to promote greater regulation of MNEs, with stricter rules and regulations to ensure that they operate in a socially responsible and environmentally sustainable manner. This could include measures to protect workers' rights, promote fair labor practices, and regulate the use of natural resources.

Another approach is to promote greater democratic governance. This could involve strengthening the role of local governments, giving citizens more power to influence government policies, and promoting greater transparency and accountability in the political process. This could also involve promoting greater international cooperation, with countries working together.

In conclusion, globalization is a complex phenomenon that has a profound impact on almost every aspect of our lives. While it has brought about significant benefits, it has also brought about significant challenges. To address these challenges, it is crucial that we gain a deeper understanding of the workings of economic power in a globalized world and work towards a more equitable and sustainable power system. This could involve promoting greater regulation of MNEs, promoting greater democratic governance, and promoting greater international cooperation. By doing so, we can create a world that is more prosperous, just, and sustainable for all.

Weight: 626g
Dimension: 156 x 233 x 25 (mm)
ISBN-13: 9781529213171