The Corporation: The Pathological Pursuit of Profit and PowerThe inspiration for the film that won the 2004 Sundance Film Festival Audience Award for Best Documentary, The Corporation contends that the corporation is created by law to function much like a psychopathic personality, whose destructive behavior, if unchecked, leads to scandal and ruin. Over the last 150 years the corporation has risen from relative obscurity to become the world’s dominant economic institution. Eminent Canadian law professor and legal theorist Joel Bakan contends that today's corporation is a pathological institution, a dangerous possessor of the great power it wields over people and societies. In this revolutionary assessment of the history, character, and globalization of the modern business corporation, Bakan backs his premise with the following observations: -The corporation’s legally defined mandate is to pursue relentlessly and without exception its own economic self-interest, regardless of the harmful consequences it might cause to others. -The corporation’s unbridled self-interest victimizes individuals, society, and, when it goes awry, even shareholders and can cause corporations to self-destruct, as recent Wall Street scandals reveal. -Governments have freed the corporation, despite its flawed character, from legal constraints through deregulation and granted it ever greater authority over society through privatization. But Bakan believes change is possible and he outlines a far-reaching program of achievable reforms through legal regulation and democratic control. Featuring in-depth interviews with such wide-ranging figures as Nobel Prize winner Milton Friedman, business guru Peter Drucker, and cultural critic Noam Chomsky, The Corporation is an extraordinary work that will educate and enlighten students, CEOs, whistle-blowers, power brokers, pawns, pundits, and politicians alike. |
Contents
Introduction | 1 |
TWO Business as Usual | 28 |
THREE The Externalizing Machine | 60 |
FOUR Democracy Ltd | 85 |
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advertising American Anita Roddick APEC believes benefit business leaders Butler Capitalism caribou Charles Kernaghan Chris cited citizens company's consumers Corporate Crime corporate law corporate social responsibility corporation's costs created decision democracy democratic deregulation directors drilling drug economic Edison Schools Enron environment example executives exploit factories Ford Global government regulation groups Gwich'in Hank McKinnell harm human Ibid industry institution investors Ira Jackson Joel Bakan Kernaghan kids Kline labor lobbying MacGuire ment million Milton Friedman moral Motors National Noam Chomsky Norma Kassi operations ordered to clean organization parents percent person Pfizer political porations privatization profit programs protect psychopathic regulatory Robert Monks Roddick Roosevelt safety self-interest shareholders social and environmental society sweatshops tion Toronto Press trade undercover marketing United University Press Washington William Niskanen workers York