Business and society essay instruction.docx - 1 The Corporation The Corporation The Corporation 2 Introduction Both Ted Nace(2003 Steinbeck(2006 and

Business and society essay instruction.docx - 1 The...

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The Corporation 1 The Corporation
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The Corporation 2 Introduction Both Ted Nace (2003), Steinbeck (2006), and Mark Achbar (The Corporation, 2003) present the image of the corporation as being that one of a ruthless monster that is only driven by profit and will do anything within its powers for financial gain. This essay agrees with the authors that corporations are evil institutions that do more harm than good. The essay begins with the definition of the Corporation as highlighted in the film The Corporation. What follows after that is a brief history of the origins of corporations. It is followed by a section on how organizations acquired so much power, and how the legal form of corporations gives it greater powers than human subjects. Second to last is an analysis of what happened to the farmers in Steinbeck’s Grapes of Wrath and finally a summary of the critical differences between the classical and the modern corporation. The best definition of a corporation from The Corporation The narrator gives the best explanation of a corporation from the film The Corporation for approximately 2 minutes and forty seconds into the film. The corporation is defined as a paradox of sorts, that does a lot of good by generating wealth, yet at the same time brings about destruction in great magnitudes, and in ways that are always hidden. Many corporations are all too guilty of constantly seeking and going after profits at the expense of people and the environment. For-profit corporations are purposed and driven by the desire to increase profit and shareholder equity. According to the economic philosophy of capitalism, embracing self-interest (either as an individual or as a corporation) for the pursuit of wealth yields positive consequences
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The Corporation 3 for the society, hence an increase in mortality. This is one of the many myths that has allowed corporations to be used as moral proxies for the corporate decisions made by the executives (Sklair, 2016). Like Galt in Garrett Garret’s The Driver (2008), the corporation can be rewarding, and one can become rich in a short period. One of the major themes highlighted in the film is the amount of damage done to the environment by the corporations. With their eyes only fixated at financial profitability, many large corporations have failed to address the negative impact of their activities on the environment. Corporations also tend to exploit cheap labor in parts of the emerging world. A good example is the substandard wages and poor working conditions of the Nike workers in Indonesia. The workers earn less than one percent of the market price of the goods that they manufacture. Corporations employ people and give them a chance to make an income they otherwise would not have earned and given the masses products to consume. Corporations have been responsible for many of the developments that the world currently has. That is the paradox of corporations.
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  • Fall '15
  • kimani

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