New Books in Critical Theory cover image

Claire Provost and Matt Kennard, "Silent Coup: How Corporations Overthrew Democracy" (Bloomsbury, 2023)

New Books in Critical Theory

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The Origins of the Corporate Magna Carta

The World Banks Extended Center was set up in 1966. But there were proposals and discussions about setting up this investor state dispute settlement system much earlier than that. In the late 50s, for example, years before the World Bank sets up its exit system, the Deutsche Bank's Herman abs goes to San Francisco. He proposes what's described by time as a new corporate Magna Carta.

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