Document Type

Master's Culminating Experience

Publication Date



The objective of this study was to help clarify the reasons for the lack of public reaction to the corporate scandals that surfaced in the U.S. in the early twenty-first century. To this end, I assessed three possible avenues for preventing corporate malfeasance and reconciling the political economic system with social welfare. Among those I identified, public participation appears to be the most feasible. In this perspective, I analyzed four major factors that prevent individuals from engaging in corporate governance and in the political economic system in general. The findings indicate that so long as change depends upon the initiative of the status quo, there is little prospects for reconciling corporations and finance capitalism in general with social welfare.