Who holds the most power in international politics? The state or corporations? A new report argues that after decades of globalisation state power is back in charge. However, multinationals wield phenomenal power. They sell their products all over the world, they have huge supply chains and arguably mould politics to their own interests. Milan Babic is one of the co-authors of that report and he says that ‘international relations has become a giant three -dimensional chess game with states and corporations as intertwined actors’.