Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- 1 Introduction: corporate governance after the ‘end of history’
- Part I Historical trajectories of business and regulation
- Part II New interests, new shareholder constellations, new landscapes
- Part III Labor’s evolution in the new economy
- 13 Labor and finance in the United States
- 14 The conflicting logic of markets and the management of production
- 15 Organizing workers globally
- 16 From governance to political economy
- Part IV The transnational embedded firm and the financial crisis
- Part V Conclusion
- Index
- References
16 - From governance to political economy
insights from a study of relations between corporations and workers
from Part III - Labor’s evolution in the new economy
Published online by Cambridge University Press: 07 September 2011
Book contents
- Frontmatter
- Contents
- Figures
- Tables
- Contributors
- 1 Introduction: corporate governance after the ‘end of history’
- Part I Historical trajectories of business and regulation
- Part II New interests, new shareholder constellations, new landscapes
- Part III Labor’s evolution in the new economy
- 13 Labor and finance in the United States
- 14 The conflicting logic of markets and the management of production
- 15 Organizing workers globally
- 16 From governance to political economy
- Part IV The transnational embedded firm and the financial crisis
- Part V Conclusion
- Index
- References
Summary
Introduction
Like public government, and for some of the same reasons, corporate governance is in crisis. Both seem unable to persuasively articulate their fundamental values; both have been losing legitimacy and credibility; both have been destabilized by rapid and complex socio-technical change; and both are finding it more difficult to accommodate the conflicting claims of internal constituencies and those of relevant ‘others’.
However, workers are assigned very different roles in public government and corporate governance. Workers, like everyone else, are entitled to participate in the rites of public government. They may vote, run for office, and contribute to public debates either personally or as part of a collectivity of like-minded individuals. Moreover, workers can reasonably expect to have their voices heard and their rights respected. To be sure, they fare less well at the hands of the state than they ought to in theory.
- Type
- Chapter
- Information
- The Embedded FirmCorporate Governance, Labor, and Finance Capitalism, pp. 350 - 380Publisher: Cambridge University PressPrint publication year: 2011
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