Bakan’s Provocative Bait
The book is deliberately provocative, Bakan has been selective in his choice of examples, he arguably overstates the power of the letter of the law, and he’s probably simplistic in his recommendations for a remedy.
22 January 2009
But at a time when many of us are looking to business to show leadership in addressing social and environmental challenges, The Corporation provides a sobering reminder of the underlying motivations that inform modern business behaviour. It’s best we take a look, engage with the arguments, and decide for ourselves.
A ‘CORPORATION’, according to Joel Bakan, professor of law at the University of British Columbia, is a psychopath. Through a “bizarre legal alchemy” corporations are vested with the rights and freedoms of a ‘person’ with the “defined mandate to pursue, relentlessly and without exception, their own self-interest”, regardless of the often harmful consequences (‘externalities’) they might cause to the environment or society – others “who have not consented to, nor played any role in, their decision making processes”.
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