SOCB58H3 Lecture : Lecture 2
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)
