Word: barnet
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...major and poorly understood force in world business, must somehow be responsible for the prevalence of such economic ills as high prices, unemployment and balance of payments hemorrhages. Such suspicions are being fanned by a new book, Global Reach (Simon & Schuster; $11.95) by Political Scientist Richard J. Barnet and Economist Ronald E. Müller, that is kicking up a considerable controversy...
...Barnet and Müller begin soundly enough by identifying the main problem created by multinationals as one of policy lag. While nations plan on a coun-try-by-country basis, international firms view the world as a single unit and plan accordingly. Thus, Barnet and Muller contend, "the structural transformation of the world economy through the globalization of Big Business is undermining the power of the nation-state to maintain economic and political stability within its territory...
Some readers might wish that such a belt could be created-but in fact multinationals are not all that powerful. Far from being monolithic, for example, they compete vigorously, not only against smaller national firms but against one another. Barnet and Müller further charge that the multinationals have destroyed traditional values in the underdeveloped world, disrupted the sense of community and lured away scarce capital and scientific talent, a contention that leaves unexplained why many poor countries compete for multinational investment. In the U.S., the authors say, the multinationals have created unemployment, cheated on taxes and corrupted...
OTHER NOTEWORTHY articles include a two-part series in the New Yorker (Dec. 2 and Dec. 9) on Multinational Corporations by Richard Barnet and Ronald Miller; an excellent review of Robert Fitzgerald's new translation of the Iliad by D.S. Carne-Ross in the New York Review of Books (Dec. 12); and a fascinating article by Roger Morris in the Columbia Journalism Review (November/December) on the unfair coverage of Allende's Chile in the mass media...
Promptly at 2 p.m. the lawyers for Agnew filed in, then Richardson and the Justice contingent. The men shook hands and exchanged pleasantries, with one notable exception. Assistant U.S. Attorney Barnet D. Skolnik, who had argued vehemently that Agnew should be jailed, stalked past the Agnew men without a word...