Jump to ContentJump to Main Navigation
Multinational Corporations and Global JusticeHuman Rights Obligations of a Quasi-Governmental Institution$
Users without a subscription are not able to see the full content.

Florian Wettstein

Print publication date: 2009

Print ISBN-13: 9780804762403

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804762403.001.0001

Show Summary Details
Page of

PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 24 June 2021

When Multinational Corporations Act Like Governments

When Multinational Corporations Act Like Governments

(p.213) Chapter 7 When Multinational Corporations Act Like Governments
Multinational Corporations and Global Justice
Stanford University Press

This chapter examines position of multinational corporations (MNCs) as quasi-governmental institutions, focusing on the two constitutive aspects of authority in the corporate context. First, it shows how MNCs successfully create a veil of legitimacy around the exercise of their power and how they factually govern people. Second, it argues that the authority of MNCs evolves as countervailing power diminishes. The chapter also illustrates how MNCs have outpowered the market mechanism in many respects and govern markets today, analyzes the potential countervailing power of national governments, and discusses Charles Derber's so-called corporate mystique that has effectively disguised the steadily growing power of corporations for decades. Finally, it considers the reach of effective control of the largest corporations in today's “networked capitalism” as well as the sovereignty of states versus that of corporations.

Keywords:   quasi-governmental institutions, authority, power, national governments, Charles Derber, corporate mystique, networked capitalism, sovereignty, states

Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.