Sunday, October 22, 2006

Federation of corporate empires

After Arcelor-Mittal, Tata-Corus is making waves. At this stage it is difficult to speculate how long these so-called Indian multinationals would remain Indian. But a more important question is how far these corporate empires will replace the functions of the State.

That looks imminent and in that case, philosophical perspectives adverting to a State set-up should also, mutatis-mutandis, apply to these corporate structures. One such important vision is Kant’s ‘federation of free states,’ which has been endorsed by Proudhon as well as Sri Aurobindo. Corporations must start behaving like city-states and form a federation too.

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