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Globalization and Democracy: Some Basics

The goal of the transnational corporation is to become truly transnational, poised above the sovereign power of any particuĀ­lar nation, while being served by the sovereign powers of all nations. Cyril Siewert, chief financial officer of Colgate PalmolĀ­ive Company, could have been speaking for all transnationals when he remarked, "The United States doesn't have an automatic call on our [corporation's] resources. There is no mindset that puts this country first."[i]