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27 Feb 2011
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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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Document Summary

Central thesis: compare behaviour of corporation to that of a psychopath in dsm; a means to an end. 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 there"s never enough. externality: effect of a transaction between 2 individuals, let"s 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)

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