Copyright © 200x Inderscience Enterprises Ltd. Rationality, morality and Joel Bakan’s

Abstract: The business corporation is at the centre of the modern global economy but does it act in the general interest? This paper explores Joel Bakan’s film and book critique of the corporation which suggests that it is characterised by a ‘pathological pursuit of power and profit’. It seeks to extend Bakan’s argument by reconsidering the ethical position of those who run corporations; the question of how far competition constrains their actions; and the extent to which the modern state can control corporations or is itself subject to similar pressures