Capitalists Hail the End of Corporate Responsibility

Capitalists Hail the End of Corporate Responsibility
March 9, 2009

http://www.seventhgeneration.com/learn/inspiredprotagonist/capitalists-hail-end-corporate-responsibility?source=email&utm_source=bronto&utm_medium=email&utm_term=READ+MORE+&utm_content=fidyl%40yahoo.com&utm_campaign=7Gen+-+March+25%2C+2009+-+Non-Nation-

Given that our financial system is teetering at the edge of a very deep, very scary abyss, it's certainly understandable that alpha capitalists -- the folks who believe that business' only "responsibility" is to maximize profits for shareholders -- are desperately scrambling for something, anything, to grab onto. Something reassuring. Some signal that the world is at least starting to return to their definition of "normal."

The Financial Times' Stefan Stern thinks he's found the beginning of the new normal: the end of values-driven business. In a column last month, he opined that, "now the recession's here we can forget all that nonsense about corporate social responsibility and get back to trying to make some money." In his view, there's a silver lining to the world economy's near-collapse: it has chastened the "politically correct…global elite" and finally put those "burbling do-gooder[s]" to flight.

To read the full article: http://www.seventhgeneration.com/learn/inspiredprotagonist/capitalists-hail-end-corporate-responsibility?source=email&utm_source=bronto&utm_medium=email&utm_term=READ+MORE+&utm_content=fidyl%40yahoo.com&utm_campaign=7Gen+-+March+25%2C+2009+-+Non-Nation-