Is 'Corporate Citizen' An Oxymoron?

Is 'Corporate Citizen' An Oxymoron? 0

Submitted by

theodp

on Saturday May 31 2008, @12:07AM

theodp writes "Citing expert testimony from a recent House Science Subcommittee hearing on Globalizing Jobs and Technology, The Economic Populist challenges the conventional wisdom that maximizing profits should be a corporation's only responsibility, suggesting it's time for the U.S. to align its Corporations to the interests of the nation instead of vice versa. Harvard's Bruce Scott warns that today's global economy is much like the U.S. in the later 19th century, when States competed for funds generated by corporations and thus raced to the bottom as they granted generous terms to unregulated firms. Sound familiar, Pennsylvania? How about you, Michigan?"

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