Against the backdrop of Enron and the other high-profile cases of
corporate malfeasance, it is easy to paint today's executives as
villains and blame big business, and corporations generally, for a
wide array of social ills. Is the criticism warranted? Not quite,
says Evan Osborne, as he traces the history of anti-corporate
sentiment and assesses the fever-pitch hatred, by some, of all
things corporate. While not perfect angels, Osborne argues,
corporations confer many more benefits to society than ills.
Moreover, they are an essential engine of human progress, and
longstanding legal principles are more than adequate to address
their flaws. And that makes the rising tide of anti-corporate
sentiment dangerous. Why? Look at the facts: Large corporations
inspire both awe and fear. On the one hand, they create jobs,
introduce scientific and technological breakthroughs, open up
borders through trade, and provide indispensable products and
services that make life easier. On the other hand, many think they
undermine the will of the people, encourage bribery and corruption,
finance oppressive regimes, ruin values and culture, befoul the
environment, and encourage economic inequality. It was no accident
that the terrorists of September 11 targeted the World Trade
Center, an iconic symbol of American financial power. In this
provocative book, Evan Osborne pulls back the curtain to illuminate
how corporations have evolved as an essential element of society,
and how opposition to them has developed out of proportion--a fire
fanned by anti-business activists, the media, and other groups. He
sets the record straight, explaining how corporations work, how
they have evolved in the context of otherinstitutions, the net
benefits they provide--and how to deal with their undeniable
imperfections. At the same time, he shows how anti-business claims
have become more strident and where these arguments fail to stand
up to scrutiny. Osborne also investigates: *Corporate influence
over politics and the government. *Corporate influence in the
media. *Corporate influence through marketing. *The pros and cons
of globalization. *The extent to which business has responded to
public demands for social responsibility, and the extent to which
free commerce improves society even without such pressure. The
result is a fascinating, provocative commentary on our love-hate
relationship with business.
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