Monopoly of the economy by corporations

Visualization of narrower problems
Name(s): 
Corporate domination of daily life
Undisclosed control by major corporations on national policy-making
National oligopolistic trading systems
Disproportionate influence on national economies of corporations
Corporately managed economic life
Incidence 
In 1993, there were an estimated 37,000 transnational corporations worldwide, with around 200,000 foreign affiliates. They accounted for one quarter of the combined gross national products of the countries of the world and their flow of foreign direct investment exceeds $255 billion annually. In developing countries this investment exceeds $36 billion annually, and its influence is immense impacting not solely in economic areas but also social, cultural, political and environmental.

The 100 largest TNCs (excluding those in banking and finance) held $3.4 trillion in global assets in 1992 of which about 40 percent were located outside their home countries. The top 100 TNCs control about one third of the world stock of foreign direct investment, which amounted to a flow of $195 billion in 1993.

In 1989 it was estimated that some 200 global corporations control nearly 80% of the productive assets of the non-socialist world. It was predicted that within 25 years they will own production assets in excess of $4 trillion, or 54% of the economic wealth of the planet. In 1982 the total revenue of the top 200 transnationals in the services sector was $1,192 billion, compared to $1,853 billion for the manufacturing transnationals. This implies a reduction of the power of governments to control vital areas of economic policy. It has also meant that TNCs have been able to restrict the growth of competition by a variety of monopolistic practices.

Broader 
Oligopolies
Economic dictatorship
Erosion of sovereignty
Abuse of economic power
Economically controlled political power
Vulnerability of socio-economic systems to globalization
Undisclosed control of national economies by limited number of individuals
Narrower 
Blocked global marketing
Increasing intra-firm trade
Corporately-managed international trade
Monopolistic activity by transnational enterprises
Control of national economic sectors by transnational enterprises
Related 
Political oligarchy
Maldistribution of resources
Imperialistic distribution system
Ineffective industry self-regulation
Absence of long-term economic planning agencies
Ideological overemphasis in economic administration
Mala distribución de los recursos
Aggravates 
Lack of integrated medicine
Economic bias in development [in 1 loop]
Capitalist economic imperialism [in 2 loops]
Elitist control of global economy [in 6 loops]
Destabilizing corporate expansion
Failure of ethical investment funds [in 1 loop]
Discrimination against local community shopping facilities
Decline of the nation-state [in 1 loop]
Aggravated by 
Global financial crisis
Corporation financial secrecy
Interlocking corporate directorates
Accountability based solely on profit
Unregulated ownership of the means of production
Excessive independence of transnational corporations
Strategy(ies) 
Ensuring national policy-making in a global world
Implementing national policy process
Operating a monopoly
Disclosing control by major corporations on national policy-making
Hiding extent of corporation control on national policy-making
Resisting domination
Dominating daily life
Strengthening monopoly of the economy by corporations
Limiting monopoly of the economy by corporations
Type 
(D) Detailed problems