The Profiteers, Christopher Marquis
The Profiteers, Christopher Marquis
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The Profiteers
How Business Privatizes Profits and Socializes Costs

Author: Christopher Marquis

Narrator: Simon Vance, Christopher Marquis

Unabridged: 9 hr 29 min

Format: Digital Audiobook Download

Publisher: PublicAffairs

Published: 05/14/2024


Synopsis

An exposé of how society pays for corporations' "free lunch" and the cost of environmental damage, low wages, systemic discrimination, and cheap goods.

In an age when business leaders solemnly profess dedication to principles of environmental and social justice, Christopher Marquis’s provocative investigation into the real costs of doing business reveals the way that leaders of the corporate world gaslight to evade responsibilities by privatizing profits and socializing costs. “Who pays?” for the resulting climate and environmental damage, racism, low wages, and cheap goods: the average citizen and the taxpayer.

By bringing to light ideas that today are on the fringe but rapidly making their way into the mainstream, Marquis outlines a new regenerative paradigm for business in society. He tells of a group of pioneers trying to not just reform but transform the way business is conducted all over the world. By taking novel actions to reimagine business operations in responsible ways, minimize their negative impacts, and create new ways for business to properly absorb their hidden costs, these leaders provide blueprints to move the needle on vexing social and environmental issues.

What’s in it for leaders of the corporate world? The model of reform presented provides clear guidance on how to get ahead of the curve as an emerging economic order is formed. No business can lead from the front if it is morally-backward looking. History has shown time and again that those who get out in front of emerging changes in our social and environmental landscape protect themselves from inevitable eclipse.
 

About Christopher Marquis

Christopher Marquis is the Samuel C. Johnson Professor in Global Sustainable Enterprise and professor of management at Cornell University.


Reviews

Goodreads review by Shug on March 22, 2025

I thought this would be a boring tale of investors. It wasn't. Lots of tension.......more

Goodreads review by Kyle on August 02, 2007

I had to read old reliable here, to get over my post Harry Potter malaise. Okay I finished this. Written in the early twenties, before the stock market crash, it had a feel of limitless riches and possibility. And they were all still getting over the Great War. Primarily it was a love story. The good......more


Quotes

“Powerful, passionate, and persuasive. Christopher Marquis argues that business is both a principal cause of our current troubles and perhaps the most important cure. Drawing on fresh examples, he demonstrates both how business has profited from destroying the natural world and the structure of our societies, and how business leaders—working in concert with investors and other key stakeholders—can be powerful agents of change.”
 —Rebecca Henderson, McArthur University Professor, Harvard University

“A profound call to action for businesses to take responsibility for their environmental and social footprints. The Profiteers shows us that a better business model isn’t just possible, it’s imperative.”
 —Paul Hawken, cofounder, Smith & Hawken, and author of Regeneration

 “Timely and full of sharp insight on the devastating impacts of business as we’ve known it—a critical read for anyone who wants to understand how the deep design of business itself can and must be transformed.”
 —Kate Raworth, author of Doughnut Economics

“Marquis has delivered a brilliant critique of today’s dangerous corporate practice that dumps social and environmental costs onto society in search for ever greater profits. TheProfiteers is a wake-up call to businesses everywhere to reevaluate these shameful practices.”
 —Jeffrey Hollender, cofounder, Seventh Generation

“At a time of great division, The Profiteers underscores that there is no partisan divide on the idea that business should make money the right way, by treating their workers, communities, consumers, and the environment with respect, and that it’s unfair and wealth-destroying when companies profit at the expense of others. The Profiteers identifies practical ways all of us—as individuals and as a society—can forge a more sustainable and responsible capitalism.”
 —Leo E. Strine Jr., former chief justice and chancellor of Delaware