In response to calls by the working classes of Europe for goverance based on socialist principles, including the abolition of private property, the industrialist offered up an alternative and called it Corporatism. The name had nothing to do with the notion of a business corporation except that both words are derived from the Latin word for body, corpus.
"Fascism should more appropriately be called corporatism because it is the merger of state and corporate power." - Benito Mussolini
A multinational corporation (MNC) is a corporation that is registered in more than one country or that has operations in more than one country. They play an important role in globalization. National and local governments often compete against one another to attract MNC facilities, with the expectation of increased tax revenue, employment, and economic activity. To compete, political powers push towards greater autonomy for corporations, or both. The number of MNCs have increased greatly from 7000 in 1970 to over 78,000 in 2006. In the wake of adverse affects on human society and the environment as a result of the activities of multi-national corporations, a growing number of advocates worldwide have called for a check on corporate power and reach. Multi-nationals enter countries that have low human rights or environmental standards. As a result of corporate buy-outs and corporate mergers into conglomerations there has been reduced competition and a curtailment of free enterprise. MNC's raise capital in host countries but export the profits, exploit countries for their natural resources, limit workers' wages, erode traditional cultures, and challenge national sovereignty.
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