Is the Corporation an Enemy of Democracy? How to Give the Corporation a Little Soul

7 Pages Posted: 20 Jun 2018

See all articles by Paul J. Zwier

Paul J. Zwier

Emory University School of Law

Date Written: June 5, 2018

Abstract

Polanyi's book Great Expectations provides a framework for a critique of the US corporation. Using drug pricing by Big Pharm and gun rights by gun manufacturers, I argue that corporate actors use the free market as an excuse for soulless actions. Such actions threaten democracies, as citizens prefer corrupt dictators to unregulated markets that cause mass disruption and distress. The best hope for the US corporation (and its democracy) is for executives and investors to use their leverage so that corporations act in a socially responsible manner.

Keywords: Corporate Law, Polanyi, Pharmaceuticals, Gun Manufacturers, Democracy, Social Responsibility

Suggested Citation

Zwier, Paul J., Is the Corporation an Enemy of Democracy? How to Give the Corporation a Little Soul (June 5, 2018). Emory Legal Studies Research Paper. Available at SSRN: https://ssrn.com/abstract=3191473 or http://dx.doi.org/10.2139/ssrn.3191473

Paul J. Zwier (Contact Author)

Emory University School of Law ( email )

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