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10670/1.p2l6ud

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The civic enterprise as an economic utopia: towards a redefinition of democracy?

Abstract

the concepts of civic enterprise and corporate citizenship are economic utopies that undermine the traditional representation of business. This representation is rooted in an economic ideology in which the autonomy of the company is legitimised by efficiency, as well as by the commercial policy project that builds the common good on the egoism of individual actors. Social responsibility renews this representation by suggesting that the company should, in addition to pursuing its own interest (or that of its shareholders), respond to the interests of other stakeholders and society as a whole. Most recently, the concepts of civic enterprise and corporate citizenship break even more radically from the traditional representation of the company. By using the term ‘citizenship’, they promote business as a political actor and thereby abolish the boundary between an economic world dominated by rationality, efficiency and perfection, and the political world with contingent debate and choices. But while giving them a formal and legitimate political role, corporate citizenship overlooks the influence of companies in public policies and remains unconnected with critical analyses. Thus, by equating it with a political actor, the representation of the company proposed by this current market hides the challenges of regulating an economic society from democratic claims.

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