Companies Are the New Countries

U.S. corporations are moving beyond the national interest. And so are the jobs

The occupy the world economic Forum protests that took place on the outskirts of Davos in late January were small but pointed. One protester held a sign that read, IF VOTING COULD CHANGE ANYTHING, IT WOULD BE ILLEGAL. They captured a sense of frustration with capitalism, sure, but more important, frustration with government. In 2008, after Lehman Brothers fell and the global recession began, the conventional wisdom was that we were entering an era in which government would take back power from business. In fact, just the opposite has happened.

The high-profile political figures disappointed at Davos: German Chancellor Angela Merkel...

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