This article raises an alarm about the expanding hegemony of big business promoted by the US and transnational corporations. The global reach of American jurisdiction is being used to exact heavy financial and legal penalties on foreign nations and companies and promote US interests in the name of economic globalisation, as part of the agenda for fi ghting corruption and terrorism. The article highlights the threats to national sovereignty, cultural diversity and economic autonomy posed by the ruling US centric fi nancial system.
