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Corporations have neither bodies to be punished, nor souls to be condemned.
TNCs now control two thirds of all world trade and 80 per cent of foreign investment. The reality is very different. TNCs employ only three per cent of the world's labour force - and less than half of those employed are in the South. Where they are employed, the scramble by governments to attract TNC investment has resulted in a 'race to the bottom' in working conditions, with the rights of working people sacrificed in order to create the 'most attractive' investment environment. And as TNCs use their immense purchasing power to take over local markets, local firms are commonly swept aside.