The previous article is a book review that I wrote for a magazine. The title of that book is called "The Corporation: the Pathological Pursuit of Profit and Power". You can easily search through internet for more details.
I enjoyed reading this book very much. It includes a lot of interviews with great people including Milton Freeman, CEO of BP, CEO of Pfizer, etc.
As the author of the book is a professor of law, in this book, he started with the history of corporation. You will find out how people developed the concept and institutional arrangement of company and corporation. In a word, people create company to do something that individual and other type of group cannot do.
However, the pathological pursuit of profit and power drives the company to an extreme, that is, do whatever a company can do to protect the interest of shareholders. For this purpose, companies can neglect the nature, neglect the local people, and others. This goes to the debate of corporate social responsibility. Whether a company should operate for shareholders, or for stakeholders?
The author does not give answer in the book, but provides views of different people, such as businessmen, economics and NGOs.
The author also interviewed a trader, who said something interesting and worth thinking. The trader said, no trader would consider environment when trading unless environment becomes a commodity that is tradable in the market!
Well, it is hard to say AGREE or DISAGREE with this trader, but the words give us a message to re-consider the way to do philanthropy.
The author also developed a documentation film based on this book, which is also very interesting.
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