The Corporation: The Pathological Pursuit of Profit and Power

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Simon and Schuster, Mar 1, 2005 - Business & Economics - 240 pages
84 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  - Nathan - Goodreads

The research was thorough, but it was also thoroughly biased. As the forward reads, the book can't help but be a call to action. However, I think Bakan's point is too heavily made, and comes across as alarmist rather than reasonably concerned. Read full review

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

User Review  - Samantha - Goodreads

Short, searing, and lucid, even if most of its major points have been covered elsewhere. The idea that corporations--in their obligation to maximize shareholder profit at all costs--are inherently ... 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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