American Liberalism and the Fundamental Flaw—The Foundation of the Corporate Problem
American Liberalism and the Fundamental Flaw—The Foundation of the Corporate Problem
This chapter establishes the groundwork for analyzing corporate responsibility by placing the issue in cultural context. It gives some examples of corporate misbehavior such as Coke's disregard of its employees' well-being, Unocal's use of slave labor in Myanmar, GM's exploding Malibu, Marriott's theft of money from preferred stockholders and bondholders, and Allied Signal's tax evasion. The chapter shows how the kind of thinking that led to the cavalier attitudes of these companies can be found in some basic truths about American culture, and how the corporate context exaggerates its effects. It argues that in order to understand the problems underlying the structure of American corporate law, it is essential to understand the foundations of American law upon which it was built.
Keywords: tax evasion, bondholders, stockholders, American culture
Yale Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.
