The article discusses the growing demand for industrial and business actors to take responsibility for addressing global environmental crises, particularly as climate change intensifies. With globalization increasing interconnectedness, it’s clear that tackling universal issues cannot fall solely on states and governments.
The article explores common-pool resource (CPR) theory, which counters the belief that individuals cannot work together towards common goals. It describes the “tragedy of the commons,” where individuals prioritize personal gain over collective well-being, leading to resource depletion. CPR, characterized by non-excludability and rivalry, suffers from overconsumption when unregulated. However, the theory posits that cooperative management can alleviate this issue.
As globalization poses new challenges to resource management, there is a call for novel approaches. Multinational corporations (MNCs) are highlighted for their vast economic influence, often surpassing that of nation-states. This influence can undermine efforts for collective action, as MNCs may operate in ways that contradict local regulations and ethical standards.
Despite this, the article argues that the corporate sector increasingly acknowledges its role in promoting the common good. The rise of terms like “corporate social responsibility” and networks supporting sustainable practices suggests a shift in how businesses are engaging with global challenges.
However, achieving true collaboration for the common good remains uncertain. Complicated business dynamics make it challenging to predict the consequences of decisions, especially when corporate priorities focus on profitability. Consequently, realizing ethical industrial practices and a strong commitment to the common good is still a distant goal.
