From an article by David Korten found at: http://www.commondreams.org/views/2016/11/04/forget-more-regulation-make-corporations-serve-public-interest
…I witnessed the process of corporations walking away from this contract to advance a systematic process of colonizing the world’s peoples and resources under corporate rule. For more than 20 years, I have been pointing out that to have a world that works for living people, the interests of living communities must take priority over maximizing corporate profits. That means corporations must be accountable to governments and governments must be accountable to people — real people.
The lack of corporate accountability is amplified when a corporation sheds its allegiance to any place, person, or public interest. It may be chartered in the United States, park its profits in Bermuda to avoid taxes, contract with sweatshops in Bangladesh, sell its products in France, and be a subsidiary of a parent corporation headquartered in Brazil. In effect, it is stateless and operates as a power unto itself, and has no concern for the interests of any people or place.
Dr. David Korten is the author of Agenda for a New Economy, The Great Turning: From Empire to Earth Community, and the international best seller When Corporations Rule the World. He is board chair of YES! Magazine, co-chair of the New Economy Working Group, a founding board member of the Business Alliance for Local Living Economies, president of the Living Economies Forum, and a member of the Club of Rome. He holds MBA and PhD degrees from the Stanford University Graduate School of Business and served on the faculty of the Harvard Business School.