Is 'Corporate Citizen' an Oxymoron?

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 US 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 US 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?"

Comments

Re:HIV/AIDS

[Luscious868]

Rev. Wright, is that you?

Re:HIV/AIDS

[hostyle]

Magic Johnson has HIV, not AIDS. While they are related - and often the former leads to the latter - HIV does not mean certain death; whereas AIDS does.

Re:This is what happens without communism

[homer_s]

The triumph of unbridled capitalism may be temporary. Something similar happened in 1900-1929, when railroad and power companies ruled the world. That ended in the Depression, and for the next fifty years, businesses were strongly regulated and kept in line.

Nah, I think the depression was caused by pirates and ninjas.
That makes more sense than your theories.

Re:This is what happens without communism

[Russ Nelson]

I hate to be the one to break the news to you, but your high school history teacher lied to you. Government employees never lie to the people.