Book Description
Named one of the best books of the year by The Sunday Times of London, and already a bestseller in England, Noreena Hertz's The Silent Takeover explains how corporations in the age of globalization are changing our lives, our society, and our future -- and are threatening the very basis of our democracy.
Of the world's 100 largest economies, fifty-one are now corporations, only forty-nine are nation-states. The sales of General Motors and Ford are greater than the GDP (gross domestic product) of the whole of sub-Saharan Africa, and Wal-Mart now has a turnover higher than the revenues of most of the states of Eastern Europe. Yet few of us are fully aware of the growing dominance of big business: newspapers continue to place news of the actions of governments on the front page, with business news relegated to the inside pages. But do governments really have more influence over our lives than businesses? Do the parties for which we vote have any real freedom of choice in their actions?
Already sparking intense debate in England and on the Continent, The Silent Takeover provides a new and startling take on the way we live now and who really governs us. The widely acclaimed young socio-economist Noreena Hertz brilliantly and passionately reveals how corporations across the world manipulate and pressure governments by means both legal and illegal; how protest, be it in the form of the protesters of Seattle and Genoa or the boycotting of genetically altered foods, is often becoming a more effective political weapon than the ballot-box; and how corporations in many parts of the world are taking over from the state responsibility for everything from providing technology for schools to healthcare for the community.
While the activities of business, frequently under pressure from the media and the consuming public, can range from the beneficial to the pernicious, neither public protest nor corporate power is in any way democratic. What is the fate of democracy in the world of the silent takeover?
The Silent Takeover asks us to recognize the growing contradictions of a world divided between haves and have-nots, of gated communities next to ghettos, of extreme poverty and unbelievable riches. In the face of these unacceptable extremes, Noreena Hertz outlines a new agenda to revitalize politics and renew democracy.
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"Named one of the best books of the year by The Sunday Times of London, and already a bestseller in England, Noreena Hertz's The Silent Takeover explains how corporations in the age of globalization are changing our lives, our society, and our future -- and are threatening the very basis of our democracy. Of the world's 100 largest economies, fifty-one are now corporations, only forty-nine are nation-states. The sales of General Motors and Ford are greater than the GDP (gross domestic product) of the whole of sub-Saharan Africa, and Wal-Mart now has a turnover higher than the revenues of most of the states of Eastern Europe. Yet few of us are fully aware of the growing dominance of big business: newspapers continue to place news of the actions of governments on the front page, with business news relegated to the inside pages. But do governments really have more influence over our lives than businesses? Already sparking intense debate in England and on the Continent, The Silent Takeover provides a new and startling take on the way we live now and who really governs us. The widely acclaimed young socio-economist Noreena Hertz brilliantly and passionately reveals how corporations across the world manipulate and pressure governments by means both legal and illegal; how protest, be it in the form of the protesters of Seattle and Genoa or the boycotting of genetically altered foods, is often becoming a more effective political weapon than the ballot-box; and how corporations in many parts of the world are taking over from the state responsibility for everything from providing technology for schools to healthcare for the community. What is the fate of democracy in the world of the silent takeover? The Silent Takeover asks us to recognize the growing contradictions of a world divided between haves and have-nots, of gated communities next to ghettos, of extreme poverty and unbelievable riches.
Customer Reviews:
Fuzzy Hyperbole.......2006-06-26
I'm about 35 pages into this book, and while some of the information it has presented has been useful (IE, more and more Argentinians were falling into poverty in 2000 or so), mostly the author has made the kind of broad, context-less statements you'd find on a protestor's sign.
Additionally, there are many factual-sounding statements which I don't know the meaning of, and I suspect many others won't know the meaning of either. For example, "51 of the hundred biggest economies in the world are corporations". I'm sure this is important, but I'm not told why. Instead, I'm left with the impression that it's supposed to be ominous, which I don't think is a legitimate way to inform people.
Finally, the example which the author gives as somehow epitomizing how global capitalism leaves people behind is absolutely ridiculous. She describes some guy who was born to a wealthy family, went to school with prince Charles and later attended top education institutions. He later had a successful career. Then tragedy struck and he became an alcoholic, squandering all his money and becoming homeless.
How in the world is this related to global capitalism? It's not in any way that I can discern. I've concluded, then, that the story was included to link some sensational and moving tidbit to her cause.
That's the tone and content of her book so far. She sensationalizes material which, if treated properly, wouldn't need it, and the same time glosses over facts and statistics.
Mind triggering, but just not elaborated well enough.......2005-09-20
In my opinion, "The Silent Takeover" gives only an introduction to the global problems Noreena Hertz sees developing in the 21st century.
Probably she did it on purpose, but when reading the different chapters, I was often wondering where she was taking me. From the very start it is clear that Hertz does not agree with the economic policies of the USA and the UK, that now dominate the world. But every now and then, especially in the beginning of the book, I wondered: so, what's so bad about all this?
Hertz sums up loads of data to illustrate the point she is trying to make. Somehow, I got the feeling that she often makes somewhat strange comparisons. Probably, those who oppose her point of view will find it rather easy to prove her wrong (in their own manipulative way of using statistics).
But all in all, I think the general idea of this book is interesting. It is probably true that companies are acting more and more globally and getting more and more bargaining power with respect to governments. We also see that people are losing interest in politics and that they start protesting against companies. Yes, information provided by the media is crucial for people to know when they should protest, and yes, media companies depend to a large extent on advertising revenues from those same companies, so there you have another problem.
There are many social issues that cannot and will not be dealt with by companies. I think Hertz could have explained that in more detail. I also missed a deeper discussion about the fundamental difference between people voting during elections and people influencing the way companies do business by boycotting them and/or using their votes as shareholders. Or, of course, between NOT voting and NOT influencing those companies.
But my largest disappointment was that the suggestions Hertz offers are very concise. I think she should have spent at least one third of her book in providing solutions, not just some one liners covering the last five pages of the book. With such an abrupt ending the book is unfinished, giving the George Ws and Berlusconis of this world all the opportunities to claim that it is always much easier to criticize than to really do something.
Finally, I think it is also not very convincing to mention that more and more people are joining the camp of the "anti-globalists", when it is clear that most of these have completely different reasons to protest. Although probably many readers of this book would sympathize with Hertz's ideas, I doubt that they would also identify themselves with those protesters we see on TV during G8 meetings etc. In that sense, I think Hertz also failed to present a clear vision, something all her readers would be able to keep in the backs of their minds and do something with, for example convince other people.
In the end, I believe that political parties with such a clear vision could have the impact to change.
So, I think this book is incomplete and therefore a missed opportunity. However, I sympathize with the thoughts presented by Hertz, so I hope she will compensate for the missing solutions in next books.
Even-handed and thought-provoking.......2005-06-27
I contemplated reading Hertz's book a few years ago but passed on it, fearing it would simply retread the same ground as so many others emerging in the wake of the "anti-globalisation" protests. In some ways, I was right, but coming to it four years after publication I found it a useful summary of many of the issues barely-fettered capitalism presents to society, and a fair-handed exploration of the strengths and weaknesses of the corporation-based society we find ourselves in.
Hertz is unabashedly a believer in capitalism, though (in the tradition of such eminent predecessors as Keynes) believes that it should be embedded in a stronger civil society/democratic framework than has been the case since the Thatcher-Reagan revolution. She details many of the ways major corporations (particularly media corporations, but also others from a wide variety of areas) have begun replacing many roles which were formerly those of government.
She points to numerous positive examples of the social contribution of corporations and of the wealthy individuals benefitting from them, but encourages the reader to reflect on the wisdom of ceding so much power to unelected bodies. While consumers retain some power due to the fact that they can set their spending priorities, the distribution of such power is uneven, disenfranchising the poor and favouring those who can shout loudest.
As Hertz clearly demonstrates, a new democratic framework will differ significantly from those of previous times, but if we are to ensure ongoing social support programs and care about long-term community development, democratic oversight is desparately needed. This is not an academic work (those looking for such from Hertz would be better off looking elsewhere) but it is a powerful summary of serious issues confronting global society.
Compelling reading.......2005-05-01
The Silent Takeover by Noreena Hertz is a readable and reasoned critique of globalization from a capitalist perspective.
Hertz, professor of international business at the University of Cambridge, argues that global trade and economic development has become seriously unbalanced in favour of multinational corporations, and that governments have become little more than handmaidens to corporate interests.
Hertz argues that after the fall of communism in Eastern Europe the right-wing in the United States, Britain, Canada, and much of the rest of the developed world vilified the redistributive role of government in society and forced governments to retreat from involvement in the economy.
Known as the Washington Consensus, this movement made International Monetary Fund and other institutional loans to nation-states contingent on government deregulation and trade liberalization. Hertz contends that this retreat from the public sphere has increase inequality and poverty throughout the world and reduced governments to handmaidens for corporations. She writes:
"The role of nation states has become to a large extent simply that of providing the public goods and services that business needs at the lowest cost while protecting the world's free trade system."
Heertz points-out that many Asian governments rejected the imposition of American-style capitalism and regularly intervene in the market for social, political and economic reasons. Although these countries are subjected to the same vicissitudes as states operating on other economic principles, they continue to prosper and some have been so successful they are considered threats by many "First World" states.
Anti-globalization protests are, Heertz contends, motivated by a variety of well-founded suspicions of the emerging capitalist world order. She argues protestors recognize the principle proponents and beneficiaries of globalization in its present form are the United States, international organizations controlled by the U.S. such as the World Bank and the International Monetary Fund, and multinational corporations. The protestors suspect - rightly in my opinion - current trends in globalization will result in gross income equalities like those that have emerged in the U.S. in recent decades. Heertz notes that 97% of the increase in income in the U.S. in the last 20 years has gone to the richest 20% of the population, and that the 13,000 wealthiest households in the United States have almost as much income as the 20 million poorest households.
Heertz claims anti-globalization activist are motivated by the hypocrisy of so-called "First World" countries demanding poor states open their doors to international trade and cease intervening in their economies. The world's richest nations are far more likely to offend the principles of free trade than the world's poorest. The United States pays American cotton growers and buyers approximately 4 billion dollars a year in subsidies. The United States and the European Union use non-tariff trade barriers to keep foreign goods and commodities out of their domestic markets.
Heertz also notes that political campaigning has become so expensive in the United States - and elsewhere in the developed world - candidates must solicit financial and logistical support from corporations, making politicians beholden to corporate interests rather than the electorate they putatively serve. As corporations and their agents use their influence to shred the social contract, anti-globalization activists respond by demanding they provide the services once offered by the state.
From my perspective, the major flaw in this book is Noreena Heertz's failure to address historical claims made by proponents of current trends in globalization. Heertz's critique would be stronger had she pointed-out that the richest nation-states in the world today are wealthy because their governments intervened in their economies. Nonetheless, Noreena Hertz "the Silent Takeover" is a coherent and well written analysis of globalization.
The X factor.......2005-04-07
As an author myself, I recommend that you purchase this book for personal study. "The Silent Takeover" is a great book that confirmed to me the potential problems of Global Capitalism. I never believed that capitalism was truly beneficial, and has caused many problems.
Author. "Knowledge For Tomorrow" Quinton D. Crawford
Average customer rating:
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International Democracy and the West: The Role of Governments, Civil Society, and Multinational Business (Oxford Studies in Democratization)
Richard Youngs
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This book adds to debates over the international dimensions of democratic change by studying the policies and actions of three sets of Western actors: namely, governments, multinational companies, and international NGOs. This actor-based triangular approach responds to observations that the strategic, economic, and social aspects of international democracy have rarely been studied in a combined, holistic fashion. During the 1990s, Western governments, multinational companies, and civil society organizations all came to engage more notably in debates over democratic trends. But were they genuine when they professed a concern with democracy in developing countries? Which of these dynamics - governmental, commercial, or social - was the most influential in propelling efforts to encourage democratization and which helped explain the limits of democracy's international reach? Did political, economic, and social actors form a broad network of international democratic momentum, or did their respective perspectives increasingly diverge? Exploring these questions, the book presents extensive empirical material relating to Western policies in a number of developing regions, covering the period from the mid-1990s to 2003. Oxford Studies in Democratization is a series for scholars and students of comparative politics and related disciplines. Volumes concentrate on the comparative study of the democratization process that accompanied the decline and termination of the cold war. The geographical focus of the series is primarily Latin America, the Caribbean, Southern and Eastern Europe, and relevant experiences in Africa and Asia. The series editor is Laurence Whitehead, Official Fellow, Nuffield College, University of Oxford.
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The Conditions of Diversity in Multinational Democracies
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Multinational Democracies
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ASIN: 0521800293 |
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Multinational Democracies is the first collaborative, multi-perspective critical survey of a new and distinctive type of political association that is coming into prominence in the twenty-first century. These are democratic societies that are not only multicultural but also multinational: that is, they comprise two or more nations. Nineteen leading comparative political scientists and political theorists from Europe and North America clarify the complex character and tensions of multinational democracies by reflecting on four exemplars--the United Kingdom, Spain, Belgium and Canada. The work offers a new approach to the study, understanding and governing of multinational societies and, in so doing, of culturally diverse societies more generally. This volume will be of interest to those concerned with diverse societies, nationalism, struggles for recognition, federalism and democratic constitutionalism in conditions of pluralism.
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Multinational Federations (Routledge Series in Federal Studies)
Burgess
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Policymaking and Democracy: A Multinational Anthology (Studies in Public Policy (Lanham, MD.).)
Stuart Nagel
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Policymaking and Democracy is the first volume of a three-volume set that examines the multi-dimensional role of policy in the development and promotion of democracy, prosperity, and peace.
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Policymaking and Prosperity: A Multinational Anthology (Studies in Public Policy (Lanham, MD.).)
Stuart Nagel
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Policymaking and Prosperity is the second volume of a three-volume set that examines the multidimensional role of policy in the development and promotion of democracy, prosperity, and peace.
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Reinventing Aristocracy: The Constitutional Reformation of Corporate Governance (Socio-legal Studies)
Andrew W. Fraser
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A 2005 item: Social Security privatization.(V. Democracy): An article from: Multinational Monitor
Lee Drutman
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This digital document is an article from Multinational Monitor, published by Essential Information, Inc. on May 1, 2004. The length of the article is 970 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Title: A 2005 item: Social Security privatization.(V. Democracy)
Author: Lee Drutman
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Multinational Monitor (Refereed)
Date: May 1, 2004
Publisher: Essential Information, Inc.
Volume: 25
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- an excellent guide for the 21st century
- an excellent guide
- The culmination of Brian Quinn's work on managing innovation
- More superb insight from James Brian Quinn
|
Innovation Explosion : Using Intellect and Software to Revolutionize Growth Strategies
James Brian Quinn , and
Karen A. Zien
Manufacturer: Free Press
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Now from James Brian Quinn, internationally renowned author of the award-winning Intelligent Enterprise (Free Press), comes a trailblazing work on how both entrepreneurs and nations can develop, harness, and utilize intellect, science, and technology to maximize innovation and growth. With coauthors Jordan J. Baruch and Karen Anne Zien, Quinn reveals in practical terms how successful firms can intertwine intellectual capital and modern software capabilities to cut innovation cycle times by 90%, costs by 75%, and risks by 60% or more, and thereby revolutionize all aspects of innovation management, corporate strategy, national policy, and even economics.
Innovation Explosion speaks directly to managers, entrepreneurs, government policymakers, and academics. The authors introduce and develop truly novel concepts that go well beyond earlier books on how to manage innovation. Its most notable concepts include:
- the "software paradigm" for shortening innovation cycles, improving payoffs, leveraging resources, and decreasing risks well beyond any other approach available at this time
- dynamic innovation organizations that move beyond teams toward independent collaborations of much greater power
- uniquely structured knowledge systems able to create "autocatalytic" or "negative entropy" effects, yielding massive "technological multiplier" benefits for corporations and economies
- "core-competency-with-strategic-outsourcing" strategies that allow greater concentration, leveraging, and flexibility than any other strategies presented to date
- critical methodologies for executives to use in measuring intellectual assets and innovation, and developing them farther than previously thought possible
- practical changes in national policies, which are needed to support private innovation and which, if implemented, will greatly expand marketing growth and national wealth
- international implications of the software revolution, now enabling worldwide economic development on a scale never before seen.
Innovation Explosion breaks entirely new ground in both theory and management practice.
Customer Reviews:
an excellent guide for the 21st century.......1998-08-24
Quinn's work is an excellent guide / explorer for the 21st century. I highly recommend this groundbreaking work to everybody who is interested in changing nature of tomorrow's organizations.
an excellent guide.......1998-08-24
Quinn's work is an excellent guide to explore the world of 21st century. I recommend this groundbreakink work to everybody who is interested in tomorrow's organizations.
The culmination of Brian Quinn's work on managing innovation.......1998-05-29
Quinn has long been among the absolute finest academics at helping real world managers understand the best practices in the world for managing & generating innovation. In earlier works he brought to our attention such groundbreaking concepts as the role of chaos in innovative organizations, the implications of our shift to a services based economy, and the rise of intellect or human capital as the critcal resource for competition among companies. His newest book may be his most useful to date. With his usual meticulously fact based research Quinn not only lays out the emerging tools, techniques and approaches the world's leading companies are using, he also provides breathtaking evidence of the real world performance gains that are available. The sections on software paradigms, "beyond teams" organizational approaches, and knowledge systems deserve especially careful reading, in my opinion. As usual, the biggest problem with Quinn's work is the sheer density of important new ideas makes consuming this book and putting it to work a significant investement. As a private investor, I will suggest to the executives that I work with that they make the time.
More superb insight from James Brian Quinn.......1998-04-01
Quinn's earlier book, INTELLIGENT ENTERPRISE
< was a brilliant discussion of the growing value of intellect as a factor of production in the new economy. This new one carries the arguments further, showing how an economy and a company that recognizesthe value of its intangibles can use them to produce innovation at a clip simply unimaginable in an economy of hard assets. It's an exciting vision, ably and clearly argued. --Thomas A. Stewart, author of INTELLECTUAL CAPITAL: THE NEW WEALTH OF ORGANIZATIONS
Books:
- The United States and Western Europe since 1945: From "Empire" by Invitation to Transatlantic Drift
- The Vital Few: The Entrepreneur and American Economic Progress (Galaxy Book)
- Trade Policy and Market Structure
- Transport Investment and Economic Development
- Tropical Soils: Properties and Management for Sustainable Agriculture (Topics in Sustainable Agronomy)
- Understanding Interest Rate Swaps
- Understanding Interest Rate Swaps
- Value-at-Risk: Theory and Practice
- Valuing Small Businesses and Professional Practices (Art of M & A)
- Visions
Books Index
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