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The Third Way

Is the third way simply an eclectic compromise which offers to drop any unpalatable bits from the familiar ideologies of far right and far left? I argue that if there is a third way, this is not where we will find it.

The Role of Business in Society

The view of business as necessarily selfish, narrow and instrumental, is, as it always has been, nonsense. Business which is selfish in motivation, narrow in outlook, and instrumental in behaviour is rarely successful business.

A Stakeholding Society – What Does it Mean for Business?

There is a clear distinction between businesses whose characteristic is to develop a professional service in order to serve all its stakeholders and businesses whose focus is mainly to maximise shareholder return. Which is likely to be more successful?

Called to account

What are the responsibilities of Shell to society at large? There is a simple answer - and it’s wrong.

A cowboy culture

How are we to deal with businessmen who won’t play fair? There are three responses, and the one most under-rated is to regulate by a system of values.

Business lessons from the sporting world

Sport is a better metaphor for business than most: which makes the tawdry spectacle of Atlanta 1996 all the more depressing.

The Good Market

Competition is a powerful stimulus to efficiency, innovation, and customer service. We can believe these things, and should, without feeling obliged to accept the political agenda of libertarian individualists. The language of inclusion provides the basis for doing so.

Challenging the robust and flexible plc

We are converging on the plc as the only form of economic organisation in the modern world. But this is not without costs - and it is because we are not giving viable alternatives any legal encouragement.

The root of the matter

Is there a difference between a “stakeholding” corporation and one focussed on shareholder value? Yes: by treating customers and employees as ends, not means, companies do well by doing good.

Privatised utility

A modest proposal for the founding of the “customer corporation” in utility industries.

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