The Problem is in the Human Heart, Not Capitalism
I wa
nt to thank my friend Oren Cass and the team at American Compass for the opportunity to discuss how corporate businesses should balance shareholder interests with their obligations to their workers, communities, and nation. It is particularly an honor to discuss this topic with an academic as esteemed as Patrick Deneen. I’m hopeful that the profound difference in our perspectives can lead to constructive discussion and action going forward.
As a former corporate attorney and CEO, I view corporations somewhat differently than Patrick. There is certainly a sense in which, as Patrick notes, modern corporations are a “body or collectivity of people.” There are, of course, various corporate purposes that bring people together. They can be charitable, educational, religious, or commercial. I’ll limit the scope of my comments to corporations that are profit-oriented.
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