Introduction Global companies make it into the news every day and their CEOs top lists that register the wealthiest people in the world. Those corporations provide products and services that people use every day. Most average individuals only consider these businesses in terms in which they simplify life. However, the existence of those companies is often tied to such problems as a lower quality of life and less democracy. They accumulate financial and political power that only benefits the executive branches of said corporations and has no positive effect on the country’s prosperity. Since discovering the harmful impact of global companies on their homelands and its citizens, several propositions for countering their accumulation of financial and political power have been proposed. The purpose of this paper is to analyses the disastrous effect big corporations have on regular people and advocate for some type of regulation in this area. The Negative Effects of Global Companies Global companies are well-known around the world as they cumulatively provide most general products and services that people use in their everyday life, which accounts for the businesses’ revenue. Those corporations include such big names as Amazon, Apple, Toyota, Microsoft, AT&T, Wells Fargo, Walmart and BP. As one can ascertain from the list, a global company can provide any type of products, including cars, technological devices, gas, wireless networks, bank and delivery services. It is also important to note that many people associated with these businesses are currently considered the wealthiest individuals in the world. In particular, Jeff Bezos, the founder and CEO of Amazon, has the most substantial net worth. At first glance, the presence of global corporations and billionaires in a country should indicate national prosperity and high quality of life. However, even in the earlier years, the cause and effect relationship between these two components has been called into question. Many works have outlined the specific disastrous impacts global companies have on their homelands and the average people living there. The Resource Curse One of the most mentioned problems that big corporations lead to is the resource curse. This phenomenon pertains to countries with a lot of natural resources, in particular, fossil fuels. The logical outcome of such circumstances is that these nations experience significant financial growth and progressive development in the political sphere. However, the reality more often than not shows contrary results. In fact, natural resources are associated with “lower values of the Human Development Index (a composite development index of life expectancy, education and GDP per capita), undernourishment, higher child mortality and limited access to safe water” (Ali, Murshed and Papyrakis, 2020, p. 438). Those countries tend to have less democracy, less economic growth and a lower quality of life with a lot of their citizens living in poor conditions. The cause of this observed reality is the oil and gas corporations monopolizing the mineral reserves and profiting off them by selling them internationally. However, the revenue that they receive as a result of these transactions becomes concentrated around the elites, in particular the govern