The Corporation: The Pathological Pursuit of Profit and Power

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Simon and Schuster, Mar 1, 2005 - Business & Economics - 240 pages
32 Reviews
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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Review: The Corporation: The Pathological Pursuit of Profit and Power

User Review  - Judah Martin - Goodreads

An effective introductory text for anyone interested in the rise of [hyper]capitalism. Bakan offers a convincing argument that, because the corporation's singular objective is to maximize profit at ... Read full review

Review: The Corporation: The Pathological Pursuit of Profit and Power

User Review  - Cassandra - Goodreads

Bakan presents the modern Corporation in its historical and legal context and brings the current state of corporate tyranny into sharp focus. A level-headed and well-constructed argument. Outstanding. Read full review

Contents

Introduction
1
Business as Usual
28
E The Externalizing Machine
60
Democracy Ltd
85
E Corporations Unlimited
111
Copyright

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About the author (2005)

Joel Bakan is professor of law at the University of British Columbia.

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