Jonathan Sacks Quote
To whom is an international corporation answerable? Often they do not employ workers. They outsource manufacturing to places far away. If wages rise in one place, they can, almost instantly, transfer production to somewhere else. If a tax regime in one country becomes burdensome, they can relocate to another. To whom, then, are they accountable? By whom are they controllable? For whom are they responsible? To which group of people other than shareholders do they owe loyalty? The extreme mobility, not only of capital but also of manufacturing and servicing, is in danger of creating institutions that have power without responsibility, as well as a social class, the global elite, that has no organic connection with any group except itself.
To whom is an international corporation answerable? Often they do not employ workers. They outsource manufacturing to places far away. If wages rise in one place, they can, almost instantly, transfer production to somewhere else. If a tax regime in one country becomes burdensome, they can relocate to another. To whom, then, are they accountable? By whom are they controllable? For whom are they responsible? To which group of people other than shareholders do they owe loyalty? The extreme mobility, not only of capital but also of manufacturing and servicing, is in danger of creating institutions that have power without responsibility, as well as a social class, the global elite, that has no organic connection with any group except itself.
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About Jonathan Sacks
After stepping down as Chief Rabbi, in addition to his international travelling and speaking engagements and prolific writing, Sacks served as the Ingeborg and Ira Rennert Global Distinguished Professor of Judaic Thought at New York University and as the Kressel and Ephrat Family University Professor of Jewish Thought at Yeshiva University. He was also appointed Professor of Law, Ethics, and the Bible at King's College London. He won the Templeton Prize (awarded for work affirming life's spiritual dimension) in 2016. He was also a Senior Fellow to the Raoul Wallenberg Centre for Human Rights.