Taming the Octopus : The Long Battle for the Soul of the Corporation EPUB
by Kyle Edward Williams
EPUB
Description
Recent controversies around ESG investing and "woke" capital evoke an old idea: the Progressive-era vision of a socially responsible corporation.
By the twentieth century, in fact, the notion that business leaders could benefit society had become a consensus view.
But as Kyle Edward Williams's brilliant history shows, New Deal liberalism realised a kind of big business supervision narrowly focused on the financial interests of shareholders.
This inadvertently laid the groundwork for a set of fringe views to become orthodoxy: that market forces should rule every facet of society.
Along the way American capitalism itself was reshaped, stripping businesses to their profit-making core.
As a rising tide of activists pushed corporations to account for societal harms from napalm to seatbelts to inequitable hiring, a new idea emerged: that managers could maximise value for society while still turning a maximal profit.
This elusive ideal, "stakeholder capitalism", still dominates our headlines today.
Williams's necessary history equips us to reconsider democracy's tangled relationship with capitalism.
Information
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Download - Immediately Available
- Format:EPUB
- Pages:304 pages
- Publisher:W. W. Norton & Company
- Publication Date:20/02/2024
- Category:
- ISBN:9780393867244
Information
-
Download - Immediately Available
- Format:EPUB
- Pages:304 pages
- Publisher:W. W. Norton & Company
- Publication Date:20/02/2024
- Category:
- ISBN:9780393867244