In today's society, it's almost impossible to imagine a world without corporations. They have become a huge part of our economy, one that controls our banks, means of communication and even our water supply. To imagine a world without a stock market or the corporations that feed it is something that not many people can bring themselves to do. Even in a weak economy like we currently have, an economic recession that corporate greed played a large part in, thinking of a life without corporations can hardly be fathomed. Even amid the calls for reforms within the way corporations are run, the incredible amount of power that corporations have over our governments and over our very lives can be seen. The abuse of power is blatant, the frivolous spending thrown in the faces of tax-payers even as more money is asked for to save the dying industries. Since corporations have become an integral part of the global economy, their power must be checked in order to protect every day people from the unfair advantages that corporations have over them. The current system of restrictions on corporate governance has failed the western economies with the world's foremost superpower at the very forefront of this wave of economic collapse and through the actions of a few, entire nations have been brought to their knees more efficiently than any army could have dreamed of. In order to not dominate society, corporate restrictions must be tightened for the well-being of society as a whole rather than the capital gains of a few individuals.
( Corporate social responsibility (or CSR) is something that is widely disagreed upon. ) Works Cited:"The business benefits of corporate social responsibility | Business Link." Business support, information and advice | Business Link. 05 June 2009 <http://www.businesslink.gov.uk/bdotg/action/detail?r.l1=1074404796&r.l3=1075408468&r.lc=en&type=resources&itemid=1075408491&r.l2=1074446322&r.s=sc>.
"Corporate Social Responsibility - Home." Industry Canada / Industrie Canada. 05 June 2009 <http://www.ic.gc.ca/eic/site/csr-rse.nsf/eng/home>.
Daems, H. The Rise of Managerial Capitalism. Leuven UP, 1974.
Marshall, Clinard B., and Peter C. Yeager. Corporate Crime. Transaction, 2005.
Porter and Kramer, “The Link between Competitive Advantage and Corporate Social Responsibility,”
Putterman, Louis G., and Rand Kroszner. The Visible hand. Cambridge UP, 1996.
Reich, “Responsible Capitalism and Democracy”
Weiss, Tara, Matthew Kirdahy, and Klaus Kneale. "In Their Own Words: CEOs On CSR - Forbes.com." Forbes.com - Business News, Financial News, Stock Market Analysis, Technology & Global Headline News. 16 Oct. 2008. 2 May 2009 <http://www.forbes.com/2008/10/16/ceos-csr-critics-lead-corprespons08-cx_tw_mk_kk_1016ceos_slide_7.html?thisspeed=15000>.
Who Killed the Electric Car. Dir. Chris Paine. DVD. Sony Pictures Home Entertainment, 2006.
Addtional Notes:This is horribly cited. I lost a lot of marks (and rightfully so) for the sloppy citations and the poor writing, but the topic, I thought, was still interesting enough to warrant sharing.