
Globalism Is Transferring Power From Nations to Corporations | Mike Steger
See webinar replays and more at SarahWestall.Substack.com
Mike Steger of Promethean Action rejoins the Economic Review to examine the economics behind globalism and why he believes the model has become a losing proposition for the United States and ultimately for nations around the world. Steger explains how globalization shifted production, capital, and economic power across borders, hollowing out domestic industry while creating systems increasingly dependent on cheap labor and multinational corporate interests.
In today’s discussion, Sarah and Mike explore the economic incentives behind mass immigration and Steger’s argument that these policies place additional pressure on prosperous nations while failing to create the productive investment needed to lift poorer countries out of poverty. They discuss what this means for domestic industry, workers, economic independence, and the long-term stability of national economies.
Lastly, the conversation turns to the World Bank and the changing role of multinational corporations in the international system. Steger explains what he describes as corporations attaining standing comparable to nations, how this changes the traditional relationship between corporations and sovereign governments, and why it matters for national sovereignty. What happens when multinational corporations operate across borders with economic and institutional power rivaling that of entire countries—and who ultimately has the power to set the rules?
Learn more about Mike Steger and follow his work at https://PrometheanAction.com
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