Taming the multinational corporations

Some Multinational Corporations have more monetary wealth many nations. Their wealth enables them to buy lawyers and politicians alike. Even otherwise honest and decent politicians are glad to receive a gift of £5,000 from a health care company for paying for an extra staff member.

Coal, Oil and Gas companies have done immense damage to the environment by paying influencers and politicians to oppose and slow down measures to replace their climate-altering products. Pesticide companies, whose products are known to cause several illnesses, including Parkinson’s disease, are still encouraging farmers to use them routinely. Sugar is still minimally restricted despite being behind the epidemic of obesity. And arms companies are living in boom town in 2026.

How can democratic governments regain control of these companies?

The first and blatantly obvious step must be to pass a simple law making it illegal for democratic representatives, MPs, Ministers and those in the Second Chamber, to receive any money from a corporation of any sort. Their staff will have to be paid by the taxpayer. While waiting for this legislation to pass into law, any MP who has received money from a corporation will have to recuse him or herself from speaking in any matter that has a bearing on the business of the corporation.

Parliament will then be in a position to ponder the next step in bringing the corporations back into the fold of democratic state.