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For those who hold to the view of the world comprising Politics, Religion and Commerce, this subject needs no introduction. For those concerned about current news items such as the Gulf of Mexico oil spill (see footnote) this work is also illuminating. For those who think a change in political administration will solve the problem, think again.
Joel Bakan, Canadian professor of law and author of The Corporation: The Pathological Pursuit of Profit and Power examines corporate misdeeds that have gone largely unpunished, and the consequences, some of which are simply shocking. Take the “externalisation” of costs, well-illustrated by the example of a corporation using cheap labour in a country where people are desperate, near starvation, but moving on elsewhere when the people are no longer so poor, or better equipped to defend themselves. Come to think of it, is this why work once done in Britain is now done in India or Eastern Europe? As the west faces competition from the emerging Asian economies, it is clear that even social costs are being externalised in the pursuit of profit and greed. (Externalization is the effects on third parties who ordinarily play no role in the initial transaction. I would draw a parallel to military-speak for civilian deaths during conflict: ‘collateral damage’ ) The pattern may also be seen by the Japanese economy now, say, compared with thirty years ago.
This book and the film ( The Corporation [DVD] [2006]) sounds a valid warning, an accessible introduction to the problematic nature of large corporations who seemingly have symptoms of psychopathy, compared, for example, with a callous disregard for the feelings of other people, the incapacity to maintain human relationships, a reckless disregard for the safety of others, deceitfulness (continual lying to protect profits), the incapacity to experience remorse or guilt, and the failure to conform to social norms and respect for the law.
Continue reading The Corporation: The Pathological Pursuit of Profit and Power