Hello, and welcome to the latest Tax Justice Network podcast, the Taxcast.
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In this month's podcast: When dominant multinationals get to run the world, it’s not a happy place. Or a very secure one. For a long time governments have failed to take the threat from monopolies and the corporate concentration of power seriously, and deal with it. But recent crises have demonstrated how the neoliberal era is crumbling around us and governments must take action. In this episode we look at the challenges and how to tackle this in the public interest.
And, in the US, Minnesota nearly took a historic step for tax justice this month that could have changed everything by bringing corporate profit shifting to heel. The lobbyists said it was the end of the world as we know it – and sadly, they won – for now. What was the big deal? And what are the possibilities for other states and other countries?
Christopher Gopal of the Global Supply Chain Center, University of Southern California
Produced and hosted by the Tax Justice Network’s Naomi Fowler
Transcript of the show is here (some is automated)
"The increasing build-up of corporate power, the increasing concentration of corporate power over lots of our economy over many years is actually the central feature of our economic system, and financialisation is the other side of the monopoly capitalism equation" ~ Nick Dearden, Global Justice Now
"We need to start thinking about power again, we need to start thinking about democracy, we need to start thinking about the structure of markets and we need to start taking down these giants and regulating with confidence again in the interests of people.'" ~ Nick Shaxson