To examine how private regulatory governance reproduces a market logic that always already circumscribes possibilities for radical change, we tarry with Michel Foucault's notion of governmentality and his writings on power. We focus on two major initiatives created to regulate gold supply chains, subjecting their publicly released documents to a discourse analysis. This reveals subtle but tangible examples of how these initiatives discursively shape business preferences and possibilities for engaging with a social change agenda. Through a focus on how power circulating through these initiatives works to shape the identities and interests of business actors themselves, we contribute a new perspective to the literature on business, power, and private regulatory governance, one that highlights the ways through which these discourses both expand and limit business actors' engagement in setting social agendas and the mixed and sometimes seemingly contradictory implications for the public interest.

中文翻译：

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商业、权力和私人监管治理：塑造黄金供应链的主观性并限制可能性

为了检验私人监管治理如何再现一种总是已经限制了激进变革可能性的市场逻辑，我们继续研究米歇尔·福柯的治理性概念和他关于权力的著作。我们重点关注为监管黄金供应链而制定的两项主要举措，并对它们公开发布的文件进行话语分析。这揭示了微妙但切实的例子，说明这些举措如何话语性地塑造商业偏好和参与社会变革议程的可能性。通过关注这些举措中权力的流通如何塑造商业行为者本身的身份和利益，我们为有关商业、权力和私人监管治理的文献提供了一种新的视角，强调了这些论述是如何实现的。扩大和限制商业参与者参与制定社会议程以及对公共利益的混合且有时看似矛盾的影响。