New Corporation

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From the author of The Corporation: The Pathological Pursuit of Profit and Power comes a compelling examination of how corporations have rebranded themselves as socially conscious entities addressing societal issues, even as CEO compensation rises, income inequality reaches unprecedented levels, and democracy faces challenges. Over the past fifteen years, business leaders and elites have advocated for a new capitalism, recognizing that soaring inequality, stagnant wages, and climate crises make it untenable to prioritize shareholder value over social responsibility. They argue that corporations are uniquely positioned to tackle major societal problems. However, this approach has a significant flaw: corporations remain primarily accountable to their shareholders, prioritizing profit over genuine social good. Joel Bakan's argument is clear and engaging, revealing a range of unethical corporate behaviors and the manipulation of social initiatives for power. He emphasizes the urgency of addressing the corporatization of society and highlights grassroots efforts to combat these trends, showcasing how individuals are making meaningful progress against corporate dominance.