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Geopolitical Economy Report
How big corporations took over Western governments
Jul 7, 2024
Political economist Radhika Desai discusses how corporations have overtaken Western governments. Topics include neoliberalism myths, corporate power dynamics, pseudo civic neoliberalism, influence on globalization, and industrial policies in response to China's rise.
01:07:58
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Quick takeaways
- Corporate social responsibility (CSR) masks privatization's negative impacts on services and investment.
- Neoliberalism prioritizes corporate dominance over competitive markets through minimal state intervention.
Deep dives
Corporations' False Claims of Social Responsibility
Corporations attempt to mitigate concerns about their vast growth by promoting corporate social responsibility (CSR) as a voluntary behavior without regulation. However, examples like Thames Water in the UK reveal how privatization led to decreased investment and declining services despite high dividends paid to owners, exposing the myth of CSR's inherent social responsibility.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode