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At the other end of the continuum are the pessimists. These are individuals who would argue that, far from being the most elegant and useful creation of the twentieth century, as Senator Daniel Moynihan once baptized the MNC, it is instead one of the most dangerous beasts since the mythical many-headed Hydra. According to this view, not only is there a great conflict between the nation-state's objectives and the MNC's goals, but as a rule the MNC is indeed rendering the nation-state obsolete as a mechanism for economic and social development.
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