The paradox of power

Dr. Noreena Hertz and Judie Lannon

Interview (Judie Lannon) with Noreena Hertz, author of `the Silent Takeover'. The thesis of this book is that governments are ceding power to multinational corporations, that people are recognising this and are turning their backs on the ballot boxes.

The Paradox of Power

Judie LannonMarket Leader andNoreena HertzUniversity of Cambridge

JUDIE LANNON: First of all, could you explain what you mean by the 'silent takeover'?

NOREENA HERTZ: The thesis of The Silent Takeover is that governments are ceding power to multinational corporations, that people are recognising this and are turning their backs on the ballot boxes. And what we're seeing instead is an explosion of protest: demonstrations against international institutions like the IMF or the World Bank; or, very significantly, a rise in boycotts against specific companies such as Nike, Monsanto and Exxon.

JL: We...

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