Unfortunately, however, the Bank would limit the state to an auxiliary role as handmaiden to the market. In fact, the opposite is more likely-that the private financial and economic interests are using governments and international institutions to pursue their own agenda while disparaging them at the same time. Part of this campaign involves disseminating myths that less government is always better and that the market is always more efficient than government. Of the possible ways of dealing with such a process, Catholic Social Teaching would appear to hold that neither enthusiastic acceptance nor grudging accommodation is appropriate, but that rejection is not workable and therefore not prudent. Those who believe that globalization should be managed in terms of the common good are left with the problem of finding a countervailing force and energizing it to regulate the process.
Corporate charters stipulate that creation of the corporation is in the public interest.
No matter how broad the reach of their activity, they exist at the sufferance of the political entity that chartered them. Governments create much of the political and economic climate for economic activity by monitoring internal and international trade, regulating the labor market, requiring minimum wages and fair labor practices, establishing health and safety standards, protecting the environment from harm, and providing the legal framework for industry, agriculture, and finance. Governments, i.e., political parties and Officials, are the targets of interest groups which seek political preference, economic gain, and public policies that will support their respective interests. The Milwaukee conference did not achieve consensus on what economic globalization entails, how Catholic Social Teaching should be applied in reaching a judgment on it, or what should be done in the light of such judgment. In particular, there was no agreement on the relative merits of action by government, by the civil society, or by individual Catholics.