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Taming the Octopus: The Long Battle for the Soul of the Corporation

By (author) Kyle Edward Williams

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normal price: R 785.95

Price: R 707.95


| book description |

Recent controversies around ESG investing and “woke” capital evoke an old idea: the Progressive-era vision of a socially responsible corporation. By the twentieth century, in fact, the notion that business leaders could benefit society had become a consensus view. But as Kyle Edward Williams’s brilliant history shows, New Deal liberalism realised a kind of big business supervision narrowly focused on the financial interests of shareholders. This inadvertently laid the groundwork for a set of fringe views to become orthodoxy: that market forces should rule every facet of society. Along the way American capitalism itself was reshaped, stripping businesses to their profit-making core. As a rising tide of activists pushed corporations to account for societal harms from napalm to seatbelts to inequitable hiring, a new idea emerged: that managers could maximise value for society while still turning a maximal profit. This elusive ideal, “stakeholder capitalism”, still dominates our headlines today. Williams’s necessary history equips us to reconsider democracy’s tangled relationship with capitalism.

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Normally shipped | Usually dispatched in 3 to 4 weeks as supplier is out of stock
Publisher | WW Norton & Co
Published date | 20 Feb 2024
Language |
Format | Hardback
Pages | 304
Dimensions | 236 x 160 x 28mm (L x W x H)
Weight | 534g
ISBN | 978-0-3938-6723-7
Readership Age |
BISAC | business & economics / business ethics


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Normally shipped | Usually dispatched in 3 to 6 weeks as supplier is out of stock
Readership Age |
Normal Price | R 868.95
Price | R 781.95 | on special |



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