The New Corporation

How “Good” Corporations are bad for democracy

This deeply informed and unflinching look at the way corporations have slyly rebranded themselves as socially conscious entities ready to tackle society’s problems, while CEO compensation soars, income inequality is at all-time highs, and democracy sits in a precarious situation.

The Challengers with Joel Bakan

About the Book

  • Silver Winner of the 2021 Axiom Business Book Awards in Business Ethics
  • Shortlisted for the 2021 BC and Yukon Book Prizes' Jim Deva Prize for Writing that Provokes

Over the last decade and a half, business leaders, Silicon Valley executives, and the Davos elite have been calling for a new kind of capitalism. The writing was on the wall. With income inequality soaring, wages stagnating, and a climate crisis escalating, it was no longer viable to justify harming the environment and ducking taxes in the name of shareholder value. Business leaders realized that to get out in front of these problems, they had to make social and environmental values the very core of their messaging. Their essential pitch was: Who could be better suited to address major societal issues than efficiently run corporations? There is just one small problem with their doing well by doing good pitch. Corporations are still, ultimately, answerable to their shareholders, and doing well always comes first.

This essential truth lies at the heart of Joel Bakan’s argument. In lucid and engaging prose, Bakan lays bare a litany of immoral corporate actions and documents corporate power grabs dressed up as social initiatives. He makes clear the urgency of the problem of the corporatization of society itself and shows how people are fighting back and making gains on a grassroots level.

What People Are Saying…

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The Film

Joel’s first film, The Corporation (2003) examined an institution within society and diagnosed it as psychopath. With The New Corporation co-directors Joel Bakan and Jennifer Abbott are back with their lightening-rod of a sequel that reveals a world now fully remade in the corporation’s image, perilously close to losing democracy. They trace the devastating consequences, connect the dots, and now with the #1000 Screenings campaign they hit the streets to join in the resistance and change movements from around the world.