Globalization, for all the benefits it has brought society in terms of access to goods and the spread of culture, has resulted in the unprecedented spread of private corporations into the public sphere. The owners of the Juventus soccer club, the Agnelli family was, for all intents and purposes, a royal family within Italy. Through their ownership and influence in banking, finance, and publishing, the Agnelli’s were untouchable. Even the Prime Minister of Italy had to “polish the Angellis’ doorknob,” as an old joke went. While this sounds terrifying, similar trends have emerged among the billionaire elite here in the United States and around the world. Whereas in years prior such power was hidden and used behind the scenes, the elite are now openly known.
They are, however, largely immune to the rule of law, protected by loopholes, legal restrictions, and more than a few greased hands. While it would be poor form to simply assume that politicians are largely corrupt and exist solely to serve the wealthy, it would be inaccurate to assume that it isn’t happening at all levels of government. In the instances where the wealthy are punished for obvious crimes, sentences are usually much lighter than those inflicted upon average members of society. With no one willing or able to stop them, corporate leaders continue to push for greater control of industries, sectors, even parts of countries.
Soccer is but one area of life where this obvious influence can be seen and measured. By taking note of how oligarchs of the past have behaved as opposed to current corporate backers, we can analyze the use and spread of their influence in other areas as well. Only by properly identifying and checking their power can society prevent a corporate takeover from usurping the power of elected officials. In the largely democratic society most developed countries find themselves in, it is to be expected that only those elected should have power over others. Those whose sole claim to legitimacy is wealth, however, must be confined solely to the free market economy, lest they attempt a power grab.
Where do you see this going in the future? Do you think democracy (or something else) will eventually rein these corporations in, or will it continue to get worse?
ReplyDeleteI agree with your claim regarding corruption. I've recently read a book, The Divide, where the author exposes many instances in which financial corporations have found many loopholes and have gotten away with the crime they have committed. To respond to Caitlin's question, I believe that such activities will continue to occur until the government is no longer willing to be influenced by these individuals. Over the years government officials have set regulations on these corporations and have take them away. Until the government formally sets regulations without taking them away, I believe the situation will continue to get worse.
ReplyDeleteI completely agree with your point, and I believe that globalization can often times make this problem worse. While our answers for losers of globalization in discussion section were occasionally varied, a recurring theme among winners was large corporations benefitting from an economic standpoint. Foer provides us with many examples of corporations having firm control of soccer clubs as a parallel to their control over other affairs as well. The grim reality is that the rule of law often times does not apply to extremely rich corporations as Naila has stated. I also do not see this disturbing trend ending anytime soon.
ReplyDeleteI like that you pointed out that because of the power and money involved in soccer, they are able to find loopholes and be above the law. It goes to show that soccer teams can relate to big businesses because not only are they powerful and represent people, they also are at many points above the law (too big to fail).
ReplyDelete