Corporate power, people and the land, Christopher Jones & Peter Carruthers, Presented at John Ray Initiative, Workshop on ‘Globalisation and the Global Environment, 21st November 2002, St Paul’s Church, Robert Adam Street, London.
Large aggregations of economic power usually share certain characteristics. They have huge bargaining power (often allied to political power). They tend to have pyramidal internal power structures, firmly controlled from the top and centre. They often seek out uniformity of raw materials. Unless they produce small numbers of big items, like jumbo jets, they seek ever-expanding outlets for the same or a similar range of products. If they are state owned, they can distort political decision-making and enjoy privileged access to resources. If they are companies or corporations, they are accountable to a comparatively small number of people and then in purely financial terms.