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(4) "to fulfill its full potential the multinational corporation must be able to operate with little regard for national boundaries..."
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(5) " - or, in other words, for restrictions imposed by individual national governments"." Ball helped create the post-war trade agenda.
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(6) Ball was a huge proponent of the EU. Opposed Vietnam War, seen as very liberal. Supported multinationals over national sovereignty.
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(7) By late 60s Nixon opposed free trade. Maurice Stans negotiated textile controls w/Japan/Taiwan/Hong Kong, was called racist for doing so
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(8) The Ball generation sought to prevent war, understood the multinational as a responsible actor constrained by antitrust and regulation.
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(9) Lifting of restrictions on multinationals in the 1980s/1990s led to monopolies, financial disasters, w/no sovereign capacity to govern.
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(10) Sovereign state power to make war originally would be checked by corporate supply chains, free trade, orgs like IMF
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(11) But the cure for nationalist warfare - multinationals - mutated. And multinationals unfettered do not meet human needs.
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@matthewstoller Then again, before 1914 many thought a significant war was impossible because economies were too intertwined - Show more
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Matt Stoller
tom hebert