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.
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