CRITICS OF BUSINESS

1
CRITICS OF BUSINESS

• Ch 4, Steiner Steiner

2
Critics of Business

• Shaping Reshaping
• Legal system
• Public attitudes
• Advocate for downtrodden

3
McDonalds Corporation

• Standardize a formula
• Quality, Service,
• Cleanliness, Value,
• American Cultural Imperialism
• Junk food
• Environmental destruction
• Animal cruelty

4
Western Antipathy Toward Business

• Agrarian Society
• Agrarian elite
• Merchant lower class
• Philosophy
• Hellenic theory -- no property
• Christian doctrine -- just price usury
• Industrial Revolution

5
American Antipathy Toward Business

• Pre-civil war -- Property Based Country
• Populist movements post Civil War
• Progressives
• Reformers
• Patriotism
• Current Attitudes

6
Factors for Negative Attitudes

• Too much concentration -- agree?
• Tension between Capitalism Democracy
• Serious downturns in Business Cycle
• Media and Arts negative portrayals
• Conspiracy theories

7
Current Criticism of Business

• Activist Reformers
• Stockholder resolutions
• Boycotts
• Selective Purchasing
• Liberal Intellectuals
• Socialists
• Radical Non Socialists

8
Time-Warner Rap Critics

• Pros Cons T-W sacrificing enduring social
  values when it sells rap music
• Fulfilling its social contract? Major reasons-