Nothing threatens democracy as much as corporate power. Nowhere do corporations operate with greater freedom than between nations, for here there is no competition. With the exception of the European parliament there is no transnational democracy, anywhere. All other supranational bodies—the IMF, the World Bank, the United Nations, trade organisations and the rest—work on the principle of photocopy democracy (presumed consent is transferred, copy by copy, to ever greyer and more remote institutions) or no democracy at all(1).