An approving view dating 2002 and reflecting the triumphalism that accompanied the end of the cold war considers the emergence of the outsourced market state as distinct from its parliamentary, fascist and communist predecessors – its author was a US Presidential Adviser under both Democratic and Republican presidencies;
https://en.wikipedia.org/wiki/The_Shield_of_Achilles:_War,_Peace,_and_the_Course_of_History
Views of causation can be debated but the facts are easy - compare the GDP of large multinationals to many small, medium sized countries