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Lecture

Lecture 2


Department
Sociology
Course Code
SOCB58H3
Professor
Emily Fountas

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SOCB58: LECTURE 2: JANUARY 21, 2011
Central Thesis: compare behaviour of corporation to that of a psychopath in DSM; a means
to an end
THE CORPORATION
Common purpose: to succeed as an organization
Corporate linked to agenda = corporate agenda = evil
Corporation: one form of business ownership; a group of individuals that work
together to achieve a common goal (to earn large growing sustained legal returns for
the people who own the business)
Corporations are persons without morals, concerned only for stockholders not
stakeholders (community)
Problem: profit motivation theres never enough
Externality: effect of a transaction between 2 individuals, lets a 3rd party deal with
the problems
A paradox of corporations: An institution that creates large profit but causes
enormous harm
CASE HISTORIES
harm to workers: layoffs, labour exploitation, sweatshops, harm to human health,
etc.
harm to animals: experimentation (e.g. use of artificial hormones to cows)
harm to biosphere: hazardous waste (e.g. polluted rivers)
DISCUSSION OF MOVIE
Thesis: corporation as a legal entity with no responsibilities or obligations
Thesis: corporate decisions are means which justify the end
Central metaphor: behaviour of the corporation to a psychopathic individual
ocallous unconcern for the feelings of others; science of exploitation
oincapacity to maintain enduring relationships; incapacity to experience guilt
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