How Corporate Power is Replacing Democracy #shorts
In this installment of EconFix, we reveal the hidden ascendance of corporate sovereignty—the creeping transition of power from governments to transnational corporations. From balance sheets that rival national economies to tax loopholes, lobbying, and private security, corporations are no longer mere market actors; they are assuming control of whole systems. This video traces the 10 steps of the corporate takeover: from corporate economies larger than nations, tax arbitrage that robs public coffers, and lobbying that influences legislation, to private policing, city-states, data sovereignty, and even corporate currencies. We also find out how private citizenship, gated economies, and platform monopolies are bringing us towards a world where boards of directors govern like governments. The endgame is corporate rule, where platform policies and terms of service constitute civic law. If you'd like a no-nonsense explanation of how corporations gain control over countries, watch now and subscribe to EconFix for further investigation into the future of money, law, and society.