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1 results

  • 2 - Philanthrocapitalism’s Market-Friendly Solution

  • Judy Fudge, McMaster University
  • Book:
    Constructing Modern Slavery
    Published online:
    09 January 2025
    Print publication:
    23 January 2025, pp 41-64
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  • Summary

    Focusing on the role of the Australian charitable foundation Walk Free, an organisation connected to the faith-based abolitionist movement, this chapter traces the emergence of a global antislavery governance network and explores the role of philanthrocapitalists and public–private partnerships in it. It shows how Walk Free established an ethical business alliance that portrays slavery in global supply chains as resulting from market failure and depicts the control large transnational corporations have over their supply chains as an antidote to the limits of state sovereignty. Walk Free and the global antislavery governance network advocates for market-based solutions to the problem of modern slavery – such as supply chain transparency and mandatory human rights due-diligence legislation – that enlist transnational corporations located in the Global North to enforce international legal standards against contractors located primarily in the Global South. This chapter illustrates how scale and governance interact in ways that reconfigure sovereignty and shore up neoliberal capitalism.