ABSTRACTThis article examines the premise that increasing concentration of power in large, multinational organizations will eventually necessitate the political control of such organizations to ensure the interests and well‐being, however defined, of their host countries. This view assumes that centralized control is necessary to prevent abuses of power by private organizations who are not necessarily concerned with the public good. Another view is the anarchist paradigm, where it is assumed that people and groups, left to sort things out among themselves, will eventually produce outcomes beneficial for the whole. Aligned with this approach is thetransformationalor emerging paradigm. I will examine the assumptions that underlie each paradigm and leave the reader to decide their relative validit