Confucian Philosophy and Corporate Responsibility

Freedom devoid of responsibility would result in the collapse of the social network. It would cause strife among individuals, between individuals and society, and essentially would lead to the sacrifice of the future in order to fulfill short-term desires. Coming under much scrutiny for allegedly doing just this is today’s dominant institution, a legal establishment with pervasive influence on contemporary life: the modern corporate enterprise. We live in a world plagued with human exploitation and severe environmental degradation. Many would claim that behind this unfair and unsustainable global situation lies the profit-hungry hand of corporate power. Accused and often found criminally guilty in court of having enormous and often hidden†¦show more content†¦(Stevens. 114) Looking at the author of The Corporation Joel Bakan’s definition, there appears to be clear evidence of potentially harmful individualism in a corporation’s determined motives. A corporation is an institution with a unique structure and set of imperatives that direct the action of the people within it. It is also a legal institution, one whose existence and capacity to operate depend on the law. The corporation’s legally defined mandate is to pursue, relentlessly and without exception, its own self-interest, regardless of the often harmful consequences. (Bakan. 2) In truth, the publicly traded corporation has been widely criticized due to the fact that its responsibility rests exclusively with its shareholders as opposed to resting with society at large. The essential goal of a corporation as an institution is to create monetary wealth for those in communal possession of it. This leads, however, to another facet of the corporation in terms of Confucian philosophy. It could be said that a corporation is, in fact, a microcosmic reflection of a unified, collectivist whole. Much as Confucius defined the ideal Confucian monarchy as a reflection of the patriarchal family unit, (McGreal. 57) the corporation can also be seen as a cooperative organization, modeled after a collectivist monarchy. Confucius placed great value on unifying cultural ideals, and a corporation is undoubtedly a group concept with a common, unifying goal.Show MoreRelatedThe Influence of Confucianism on Chinese Culture Essays1742 Words   |  7 PagesThe Influence of Confucian Culture on Chinese Culture Introduction Confucian culture, also known as Confucianism, was founded by Confucius during the Spring and Autumn Period, which was developed gradually after the Han Dynasty with benevolence as the core. Since the Han Dynasty, Confucianism was the official ideology and the basis of mainstream ideology in the vast majority of historical periods of China, and it also influenced many southeast Asian countries in history. 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