Tuesday, April 21, 2009

from "A Theology of the Corporation" by Micheal Novak

Jekabs raised the issue of whether a certain product could only arise in a capitalist society. Worth discussing, but in the meanwhile here's something that might involve what he's after. Novak suggests that the following virtues form and arise from the character of economic activity:
  1. Creativity: “The Creator locked great riches in nature, riches to be discovered only gradually through human effort.”
  2. Liberty: “The corporation mirrors God’s presence also in its liberty, by which I mean independence from the state. “
  3. Birth and Mortality: “As products of human liberty, corporations rise and fall, live and die. One does not have in them a lasting home—or even an immortal enemy.”
  4. Social Motive: “Corporations, as the very word suggests, are not individualistic in their conception, or in their purposes. [. . .] The fundamental intention of the system from the beginning has been the wealth of all humanity.”
  5. Social Character: “The corporation is inherently and in its essence corporate. The very word suggests communal non-individual, many acting together.[. . .] Corporations depend on the emergence of an infrastructure in intellectual life that makes possible new forms of communal collaboration.”
  6. Insight: “Constantly teams of persons meet to brainstorm and world out common strategies. Insight is the chief resource of any corporation, and there cannot be too much of it. Its scarcity is called and stupidity.”
  7. The Risk of Liberty and Election: “A corporation faces liberty and election; it is part of its romance to do so.”

2 comments:

  1. Interesting. I have not read The Spirit of Democratic Capitalism, but he has certainly thought this through.

    I probably disagree with Novak on this "The fundamental intention of the system from the beginning has been the wealth of all humanity", although I am not sure what 'system' he is referring to.

    Another comment I have is that I am not certain that corporations are somehow inherently individualistic or non-individualistic. Certainly, they are of a social character, but that must not necessarily negate their nature as being individualistic. I would only go with Novak so far as to say that the corporations are 'other centered', which is perhaps even more of a virtue than having a 'social motive'. In keeping with service to others taught by Christ, corporations can truly succeed ONLY by serving others, which is why they must be other-centered. Does that make them non-individualistic? I wonder if he responds to his email so I can ask him this question?

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  2. You should. I haven't read the whole book either. This is in a collection I have on the shelf called "On Moral Business." I wonder if he has anything like medieval corporation ideas in mind.

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