ABSTRACT

Business organisation still reflects and reproduces the dated idea of ‘economic growth as progress' irrespective of its social hazards. Recalibrating the grounding of business organisation's legitimacy requires radical legal reform in order to accommodate the relegation of growth as a lower order objective. However, this article shows that the normative debate in corporate law scholarship is unable to resolve the legitimacy problem of business organisation and ultimately reflects and reproduces the ideal of ‘growth as progress’. The problem is corporate law per se. Thus, the article argues that, even if these normative difficulties could be surpassed, instituting a new legitimacy for business organisation through corporate law reform - the conventional remedy - is, at best, practically impossible or, worse, harmful, because it is bound to follow conformist logic. Consequently, it is preferable to abandon corporate law reform completely and policy should focus instead on enabling the radical organisational practice already occurring in the social margin.

摘要

商业组织仍然会反思和复制“经济增长即进步”的陈旧观念，无论其社会危害如何。要重新调整企业组织合法性的基础，就需要进行彻底的法律改革，以适应将增长降级作为低阶目标。但是，本文表明，公司法奖学金的规范性辩论无法解决企业组织的合法性问题，最终体现并再现了“增长即进步”的理想。问题是公司法本身。因此，该文章认为，即使可以克服这些规范上的困难，通过公司法改革为企业组织建立新的合法性-传统的补救办法-充其量实际上是不可能的，或更糟的是有害的，因为它势必会遵循顺从逻辑。因此，最好完全放弃公司法改革，而政策应着重于使社会边缘已经发生的激进组织实践成为可能。