Authors: Eduardo Rivera Vicencio; Omar Chabán García; José Luis Romero Bravo
Addresses: Facultat d'Economía i Empresa, Universitat Autònoma de Barcelona, Spain ' Seville University, Avd. Ramon y Cajal, s/n, Sevilla, Spain ' Granada University, Avda. del Hospicio, s/n, 18010 Granada, Spain
Abstract: This paper describes the formation of international treaties as an integral part of the relationships that develop in the monetary system. In these relationships of the monetary system there are relationships between States, which are relationships between big companies operating from certain States with key global currencies and with others normally economically weaker States and/or dependent on the strongest currencies in the monetary system. This conformation of the relationships of the monetary system is framed within the Theory of Corporate Governmentality or the theory of government of large corporations, characterised by the concentration of wealth and ownership of income present and future, with backed debt-money generated by the financial system, which has supported this concentration of wealth. This is how international treaties are part of the elements of submission and domination by big companies to certain States or groups of States that end up imposing certain internal changes, with significant loss of sovereignty and with the complicity of economic powers and local politicians in these States, plus the complicity of international organisations, also subject to this corporate governmentality.
Keywords: European Union; monetary politics; monetary systems; theory of corporate governmentality; Foucault; privatisation; international treaties; Transatlantic Trade and Investment Partnership; TTIP; Trade in Services Agreement; TISA; corporate governance.
International Journal of Critical Accounting, 2016 Vol.8 No.5/6, pp.363 - 378
Received: 03 Jun 2016
Accepted: 03 Jun 2016
Published online: 18 Jan 2017 *