A “company town” is a town in which all property, services, and enterprises are owned by a single company. In a company town, it is the company that hires, fires, and retires workers. It is the company that runs the store where people get their commodities and that controls the water and the electric systems. The company runs the school and runs the medical clinic. The company owns the homes that workers rent. And it is the company that brings in the hired security force when there is labor unrest. In the company town, whose interests rule?
Let us now consider the global economy. In the global economy, who provides the jobs; who outsources the jobs? Who runs (and ruins) retirement programs? In the global economy, who owns the resources, and who plunders the resources? Who decides what factories get built — and then decides when they get moved and where? Who runs the hospitals; who controls the energy grid, the media, the currency? It is an increasingly small number of growing conglomerates.