MULTINATIONAL CORPORATIONS AND THE LOSS OF SOVEREIGNTY
Dennis L. Cuddy, Ph.D.
August 19, 2013
Through the 1980s, a global economy was developing, and there was increasing pressure from multinational corporations and their globalist political allies for initiatives such as NAFTA and GATT. Though Herman Daly (formerly a senior economist with the World Bank) and theologian John B. Cobb, Jr., didn't like the direction NAFTA and GATT were taking, in their 1989 book, FOR THE COMMON GOOD, they wrote: "The World Court needs to be strengthened so that in the future, nations such as the United States cannot ignore its judgments with impunity....If the economy becomes more and more global with economic decisions not controlled by any political body, then World Government in a strong sense will be needed....The transferable birth quota plan (Boulding 1964; Daly 1974; Heer 1975) proposes that scale and distribution of the rights to bear children be determined by the community at large, but that these rights then be traded in the free market.
This plan is based upon the perception that the right to reproduce can no longer be treated as a free good. It must be seen as a scarce good in a full world. As with other scarce goods, reproduction rights must be subject to distribution and allocation....Foremost is the problem of appropriate punishment for those who have children without certificate. The alternatives range...to forced surrender of the child for adoption....The United States should accept the rulings of the World Court and the judgments of the United Nations....This is a vision of a shift of power from the nation-state both upward to regional and global agencies and downward to similar communities. It is a vision that is increasingly gaining acceptance and seems in some ways likely to be realized."
By 1992, a former Citicorp chairman, Walter Wriston, wrote THE TWILIGHT A SOVEREIGNTY, in which he claimed: "A truly global economy will require...compromises of national sovereignty....There is no escaping the system." And on July 20 of that same year, Strobe Talbott (Rhodes scholar) in TIME magazine wrote: "Perhaps national sovereignty wasn't such a great idea after all....But it has taken the events in our own wondrous and terrible century to clinch the case for world government."
President Clinton would make Talbott number 2 at the State Department. Talbott's brother-in-law, Derek Shearer, had earlier (1980) co-authored ECONOMIC DEMOCRACY, promoting what many understood to be a move toward Socialism in America. In the book was outlined a plan for a Democrat, who would implement the plan's policies, to run for the presidency. In that regard, it should be noted that many commentators have spoken and written about the similarity between many of President Clinton's policies and those of British Prime Minister Tony Blair, who is also a vice-president of Socialist International. Derek Shearer has been associated with the leftist Institute for Policy Studies (IPS, founded by Richard Barnet and Marcus Raskin), and he has been a friend and advisor to Bill Clinton, who as president appointed a number of people associated with the IPS to positions in his administration.
Whenever the concept of a ruling global elite, especially in terms of the Council on Foreign Relations (CFR) or Trilateralists, is mentioned, individuals such as Rush Limbaugh pointed to CFR members like William F. Buckley, Jr. and George Will and say they are not part of some organized effort diminishing American national sovereignty. In this regard, the words of CFR member Richard Barnet himself in his 1972 book, ROOTS OF WAR, are instructive: "In recent years a few symbolic policy critics have actually been recruited, but failure to be asked to be a member of the Council has been regarded for a generation as a presumption of unsuitability for high office in the national security bureaucracy." Thus, it seems fairly clear that the power elite within the CFR and their global allies are largely in control.
Because the power of the multinational corporations has grown over recent decades, the matter of their ownership has become very important. According to an August 2008 Reuters report, "foreign ownership of U.S. companies more than doubled from 1996 to 2005...." And in March 2011, based on projections from a 2005 Grant Thornton Report and other related IRS data receipts, Citizens for Equal Trade projected that Foreign Controlled Domestic Corporations (FCDC) will reach 51% as a percentage of the whole by the year 2033, if current trends keep occurring along with large yearly U.S. trade deficits.
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In my NewsWithViews column titled "Looming Economic Disaster," I noted that "Amoco's profits go to England; Purina's and Gerber's profits go to Switzerland; and Transamerica's profits go to The Netherlands. Sound-recording industries in the U.S. are 97% foreign-owned, metal ore mining 65%, motion picture and video industries 64%, book publishers 63%, plastic products 51%, etc."
Because foreign owners do not have any loyalty to the U.S. as a nation or to American workers, this can have a negative impact upon their business and employment decisions. This, in turn, can impact negatively our national sovereignty which, of course, the Power Elite wants to undermine in order to establish a World Socialist Government.
© 2013 Dennis Cuddy - All Rights Reserved