Understanding Corruption in Business and Governance

Corruption is characterized as the internal disintegration of power, where those in authority leverage their position for personal gain instead of serving the public interest. Aristotle's differentiation between a monarch and a tyrant provides a framework for understanding this concept, highlighting that a ruler's ethical use of power is vital to prevent corruption. The contemporary landscape of big tech and corporate governance raises the question of whether these entities qualify as governing powers, given their significant influence and self-serving nature. The concern is that their unchecked power mirrors that of a tyrant, which carries substantial risks for societal welfare.