Nation States Are Losing The Battle Against Global Corporations

Global corporations are doing everything that they can to avoid paying taxes that support the nation states in which they reside.  They play this game by playing one nation state off against the other.  Its a game in which the nation states race to the bottom and the global corporations win.  One would think that the nation states would band together to resist massive tax avoidance.  Robert Reich writes from London that the opposite is happening.  The nation states are not banding together.  They are playing the race to the bottom game by competing with each other for corporate favors.  Each must believe that they can beat the others at the game.