Commentary

Apple and Ireland are betting on ‘Nation Inc’ and a world of shareholder citizens

Publisher
Governance Corporate social responsibility Economic development Economics Capitalism Corporation growth Global economy
Description

When the European Union decided to fine Apple €13.5 billion for tax evasion in Ireland last week, it didn’t take long for the Irish government to join with Apple to announce it would appeal the ruling.

The alignment between the tech giant and a nation state shows how governments can be held to ransom by corporations. And more broadly, it demonstrates the full extent to which contemporary global capitalism is marked by a shift in power from governments to corporations.

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