It oftentimes seems to me that there's a vast conspiracy between free market dogmatists and left-wing anti-capitalists to massively overstate the power of large business corporations vis-a-vis nation-states. That's not to deny that large corporations have a lot of power, but merely to observe that non-dysfunctional states have a
ton of power. I mean, is it really credible to argue that the CEO of Sara Lee is
more powerful than the head of the Congress Party in India? India has
nuclear weapons and over 1 billion residents. Sara Lee has . . . tasty dessert products.
This article available online at:
http://www.theatlantic.com/politics/archive/2006/09/whos-got-the-power/40116/