A Monograph

Democracy and Globalization

Paul Isaacs

November 2013

Introduction

 Democracies are necessarily limited to the populace that is governed by the democracy. Democracies have boundaries. Within those boundaries the legislation that governs the democracy determines how the economy, natural resources and human labour function.

 Global corporations do not have boundaries and are, therefore, not obliged to respect social compacts. Global corporations are free to use the arbitrage of capital and human labour between polities in order to force democracies to modify their legislation to further the ends of the corporations.

Conclusion

 Globalization undermines the ability of democracies to determine their own preferred governance. The result is that the democracy effectively loses its ability to govern its economy, natural resources and human labour. All that remains of the former democracy is a dependent shell limited to governing its social relations.