Overview

Our only chance to save the planet and take back control of our economy and political system lies in our ability to control our dollars. In a brilliant synthesis of thirty years of experience, John C. Harrington gives investors the strategies to thwart corporate domination of the earth's resources, decentralize our economy, restore democracy, tame corruption, and regain community control of our financial resources. A strong advocate of using shareholder power to push for responsible corporate practices that benefit society, Harrington warns that we are running out of time; corporate abuse of shareholders and other stakeholders runs rampant. Concerted, coordinated shareholder action is needed to challenge corporations to adopt human, labor, and environmental codes of conduct to eliminate years of egregious and abusive practices. For corporate America to change in time, a revolution--fueled by investor dollars--must come from within.

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9781931498975

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<p>Review from SocialFunds.com-John Harrington compiles voluminous evidence to diagnose what ails modern corporatocracy, and prescribes a comprehensive cure with socially responsible investing playing a key role. <p>SocialFunds.com -- John Harrington's writing, which springs from his long career in socially responsible investing (SRI) advocating social and environmental justice, walks a fine line between the kissing cousins of deep cynicism and deep hope. His cynicism stems from his encyclopedic identification (when does he find time to read all the sources he cites?) of how corporate actions systemically and systematically advance social and environmental injustice. His hope derives from his faith that SRI, working in coalition with other instruments, can effect change by holding corporations accountable for past actions while simultaneously creating a system that more actively requires companies to benefit society and the environment in the first place. <p> SRI can be a progressive force of change, writes Mr. Harrington in The Challenge to Power: Money, Investing, and Democracy (Chelsea Green). The goal is not simply to maximize financial return and feel good about it, or to have less guilt, but to understand that capital is a major source of power and authority in American culture. A pattern develops throughout the text where Mr. Harrington introduces a problem, illustrates it by citing and quoting primary and secondary sources, then ends the paragraph with cutting sarcasm, isolating and exposing ethical failings like a surgeon's scalpel slicing out a cancer. <p> Halliburton disclosed in 2002 that one of its units made 'improper' payments of $2.4 million for favorable tax treatment to a Nigerian tax consultant who turned out to be an employee of a local tax authority, Mr. Harrington writes. Gosh, Halliburton reported making a bribe! <p> It's unclear if Halliburton received a tax deduction for this, he adds, extending the irony. <p>Later, Mr.t

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