"If a free society cannot help the many who are poor, it cannot save the few who are rich." In today's global economy, democracy cannot live in a sea of poverty, and as capital and corporations move across national borders to wherever costs are lowest and profits highest, nation-states, far from increasing regulations to eliminate the effects of destructive competition, must instead progressively dismantle the little regulation they already have in order to stay internationally competitive.
The permeability of national borders has tremendously increased in the face of electronic commerce and other technology-driven innovations which have rendered the territorial state more susceptible to external influences.
As Ian Douglas observed, it's "the ascendance of the 'stateless corporation', the emergence of the trillion dollar '24-hour, integrated global financial market-place', the sharpening of competition under capital mobility and the 'law of one price', the proliferation of foreign direct investment, the increase in intercontinental migration, and the emergence of a 'global information society'. Everything from the rise of neoliberal transnational technocracy to crises of governance, ecology and citizenship, from the fragmentation of institutions and institutional boundaries, to decolonization, democratization, pluralism and sub-nationalism" (in Gills 110).
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