Corporate Accountability FA10: Difference between revisions
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= Shortcomings of Capitalism and Corporate Accountability = | |||
Capitalism is an economic system of many contradictions. It is based on class and competition and its main goal is profit. It revolves around individual property rights, the private ownership of the means of production as well as of the products produced. It also promotes minimal government intervention and regulation. It is a system that has created wealth, progress, opportunities and is the system that has worked for most economies around the world. Conversely, the dominant members of a capitalist society, the power elite, are powerful and influential on many levels. This makes it hard to define to whom they are accountable. Corporate accountability is all the laws and regulations governing corporations regarding criminal or unethical practices by the members of a corporation regardless of their hierarchy. Examples of these practices can be fraud, damage to the environment, exploitation of labor and resource and much more. Many organizations and social activist groups advocate for the enforceability of this corporate accountability. | Capitalism is an economic system of many contradictions. It is based on class and competition and its main goal is profit. It revolves around individual property rights, the private ownership of the means of production as well as of the products produced. It also promotes minimal government intervention and regulation. It is a system that has created wealth, progress, opportunities and is the system that has worked for most economies around the world. Conversely, the dominant members of a capitalist society, the power elite, are powerful and influential on many levels. This makes it hard to define to whom they are accountable. Corporate accountability is all the laws and regulations governing corporations regarding criminal or unethical practices by the members of a corporation regardless of their hierarchy. Examples of these practices can be fraud, damage to the environment, exploitation of labor and resource and much more. Many organizations and social activist groups advocate for the enforceability of this corporate accountability. | ||
= Social Activist Groups = | |||
== CorpWatch == | |||
Revision as of 18:11, 14 December 2010
Shortcomings of Capitalism and Corporate Accountability
Capitalism is an economic system of many contradictions. It is based on class and competition and its main goal is profit. It revolves around individual property rights, the private ownership of the means of production as well as of the products produced. It also promotes minimal government intervention and regulation. It is a system that has created wealth, progress, opportunities and is the system that has worked for most economies around the world. Conversely, the dominant members of a capitalist society, the power elite, are powerful and influential on many levels. This makes it hard to define to whom they are accountable. Corporate accountability is all the laws and regulations governing corporations regarding criminal or unethical practices by the members of a corporation regardless of their hierarchy. Examples of these practices can be fraud, damage to the environment, exploitation of labor and resource and much more. Many organizations and social activist groups advocate for the enforceability of this corporate accountability.
