Large corporations are catching up with governments in terms of influence

03.11.2014 10:04
  (Moscow time)
Views: 626
 
Policy, Ukraine, Economy


Kyiv, November 03 (PolitNavigator, Vladimir Raichenko) – Large corporations today are more powerful than ever in the world and are catching up with governments in terms of influence.

This fact is indicated by Forbes magazine. Ukraine".


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“Corporations have certainly concentrated more power in their hands than ever before,” the publication writes. “Many aspects of our lives, from entertainment to electricity supplies, are controlled by people who were not elected by popular vote. At the same time, technology evolves faster than legislation. This means that the activities of corporations are constantly shifting into “gray zones” where there is no regulation.”

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