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Another indication of the country’s emerging colonial status, he said, is our economic dependence. “That includes our debt, the balance of trade, our export of raw materials, the foreign ownership of more and more of our industry and finance and even our national debt. It’s a mark of colonial status, this complex of economic institutions, these forces which are beyond our control.”
By that dependence, and the implicit threat of economic manipulation by outsiders, governmental policies beyond economics can be influenced, Mr. McCarthy maintained. “The multinational (corporation) has a sovereignty of its own.”
The influence wielded by those corporations is another issue which concerns the former senator: “The general power of corporations to influence politics, culture, even education.” It’s something which is rarely
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