This Proposal Paper hopes to provide an explanation of the constraints and a series of proposals for a system of TNC regulation. This requires us to first set out the fundamental obstacles that make the question of regulating the activities of TNCs so problematic. The crisis in the financial system that hit economies worldwide proved the importance of regulating for-profit private and public transnational actors. The difficulties states have in agreeing to a common set of rules reflect the scale of the various factors that have to be reconciled if we are to prevent and repair damage to the environment and violations to basic rights...The interests that may be shaken up by some of the proposals outlined in this paper are powerful. Although they are factors of inertia, they are also waiting for a sign, which could come either in the form of “Business as usual ” or “Let’s work together to invent a new economy.” We cannot accept the status quo. Unequal access to wealth, learning, food security and water are some of the many issues that transnational corporations impact strategically...