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list price: $19.95
edition:Paperback
published: Sep 2020
ISBN:9780735238848
imprint: ALLEN LANE

The New Corporation

How "Good" Corporations Are Bad for Democracy

by Joel Bakan

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business, corporate & business history, 21st century
0 of 5
0 ratings
rated!
rated!
list price: $19.95
edition:Paperback
published: Sep 2020
ISBN:9780735238848
imprint: ALLEN LANE
Description

From the author of The Corporation: The Pathological Pursuit of Profit and Power comes this deeply informed and unflinching look at the way corporations have slyly rebranded themselves as socially conscious entities ready to tackle society's problems, while CEO compensation soars, income inequality is at all-time highs, and democracy sits in a
precarious situation.

Over the last decade and a half, business leaders, Silicon Valley executives, and the Davos elite have been calling for a new kind of capitalism. The writing was on the wall. With income inequality soaring, wages stagnating, and a
climate crisis escalating, it was no longer viable to justify harming the environment and ducking taxes in the name of shareholder value. Business leaders realized that to get out in front of these problems, they had to make
social and environmental values the very core of their messaging. Their essential pitch was: Who could be better suited to address major societal issues than efficiently run corporations? There is just one small problem with their
doing well by doing good pitch. Corporations are still, ultimately, answerable to their shareholders, and doing well always comes first.

This essential truth lies at the heart of Joel Bakan's argument. In lucid and engaging prose, Bakan lays bare a litany of immoral corporate actions and documents corporate power grabs dressed up as social initiatives. He makes
clear the urgency of the problem of the corporatization of society itself and shows how people are fighting back and making gains on a grassroots level.

Contributor Notes

JOEL BAKAN is a professor of law at the University of British Columbia, and an internationally renowned legal scholar and commentator. A former Rhodes Scholar, he has law degrees from Oxford, Dalhousie, and Harvard and has worked on landmark legal cases and government policies. His critically acclaimed international hit, The Corporation, electrified readers around the world (it was published in over 20 languages), and became a bestseller in several countries. The book inspired a feature documentary film of the same name, which won numerous awards, including best foreign documentary at the Sundance Film Festival. He is also the author the critically acclaimed Childhood Under Siege. He lives in Vancouver, BC.

Editorial Review

“A very important book: an arresting study directed to a central issue of the times.”
Noam Chomsky
 
“Impeccably researched and beautifully written.”
Wendy Brown
 
“Vital reading for all who are concerned to protect the public good, life, and freedom.”
Vandana Shiva
“A rigorously argued manifesto against corporate capitalism.”
Kirkus Reviews
 

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