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Global corporate power is 'out of control', but reports of democracy’s death are greatly exaggerated

By Carl Rhodes, Professor of Organization Studies, University of Technology Sydney
The past 40 years have seen massive expansion of the dominance of large corporations in the global economy. A wave of neoliberal reforms spread internationally from the 1980s with the promise that deregulated markets would unleash the animal spirits of private enterprise, bringing a new era of growth and prosperity.

Corporations were touted as the heroes of the neoliberal dream, casting off the shackles of staid state bureaucracy as they leapt forward into a future where there was no alternative to unfettered global capitalism.

So what happened?

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