Answered Essay: Discuss the global critics of business as described in our textbook. Please make sure there is a

Discuss the global critics of business as described in our textbook. Please make sure there is a discussion of this topic. One sentence definitions are not acceptable.

(Business, Government, and Society 13th Edition Steiner and Steiner)


Expert Answer

There are two sources of business criticism. These are ancient and modern. Ancient sources believe that business people place profit before value and the modern source is the anxiety in the economic development.

The growth of corporate powers is opposed by the nongovernment or non-profit organizations. Out of the 47000 NGOs, more than 90% are created post-1970. These NGOs animate global zone of discourse, ideas and actions that are called civil society. In this civil society, the global justice movement evolved in the 1990s.

There are three aspects to global critics, Liberalism, Neoliberalism and Global justice movement. Liberalism is the philosophy of an open society without state interference. It believes that freedom would lead to social progress and supports ideas such as civil rights, fair elections, freedom and private property. Neoliberalism is the idea of using markets to organize society in order to eliminate state interference in the markets. The global justice movement is a coalition of groups that are united by the opposition to economic globalization which is dominated by corporate capitalism.

The global critics led to global activism, which challenges the traditional notion of democracy. They refuse to accept corporate behavior as responsible behavior that is merely guided by the laws, trade agreements or consumer choices. The global critics believe that corporations corrupted the government and manipulated consumer behavior. So the global critics led to consumer boycotts, shareholder attacks, ridicule, harassment and shaming.

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