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Corporations and the Third Way
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Corporations and the Third Way
By
Sally Wheeler
Description
The search for an ethical foundation
for corporate behaviour has been a powerful theme of scholarship in
company law since the middle of the last century. In an era of social
democracy the search has intensified, fuelled by the demise of the
new right both in economic and social terms. The author of this
path-breaking and provocative work argues that third way politics
offers a means of identifying that foundation by emphasizing the need
for social co-operation and partnership through shared agendas rather
than regulatory pressure.
In contrast to many contemporary
\"globalization\" theorists the author argues that
corporations are in fact profoundly concerned with national political
and social agendas rather than global ones. The reasons for the
demise of the new right are intimately connected with the position of
corporations within civil society. Corporations have little choice
but to become involved with third way politics and its accompanying
social agendas. These ideas are traced through into a blueprint for
corporate behaviour which looks at Aristotelian ethics as a way of
creating a position for the corporation which permits the goal of
profit to be placed alongside others such as community participation.
These goals, it is argued, can be achieved through an ethics of care
approach.
Sally Wheeler is Professor of Law at
Queens University Belfast.
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