ABSTRACT
Moreover many multinationals fell victim to Socialist policies and practices and the history of the grievances goes back to the Bolshevik Revolution in 1917. The ideological attitudes to multinational corporations in the Socialist countries have, of course, been conditioned by the writings of the traditional Marxist thinkers. In the international arena, the Socialist countries have traditionally advocated strict controls over the practices of multinational corporations and international cartels. However neither K. Marx nor F. Engels had anticipated the extent, intensity and intricacies of the internationalization of capital and monopolies. The disintegration of the colonial empires since the Second World War has not led to the Marxist rehabilitation of multinational corporations but has been followed by a new wave of denunciation – in the form of charges of neo-colonialism. A good deal of attention has been given in Socialist polemics to the ‘unscrupulous’ growth of the Western multinationals since the Second World War.
