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The Corporation: The Pathological Pursuit of Profit and Power

Bakan, Joel

2005, March 7

corporation bakan

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.

    Where to Find Resource Online

    This book can be purchased online:

         Barnes & Noble

         Amazon

    A digital version can be “borrowed” if a member of Internet Archive:

         Internet Archive

    Video

    Janeane Garofalo of Majority Report interviews Joel Bakan (2010?) about his book:

    Source link to this video: https://www.youtube.com/watch?v=EIH1vZv09Bs

    Greater Context

    Home page:

         Joel Bakan

    Check out the resource page about the two documentaries that were created based on the above book:

         The Corporation – Documentary

    Other resources about the same topic:

         Corporate Psychopaths: Organizational Destroyers

         The Psychopath Test: A Journey Through the Madness Industry

         The Psychopath Epidemic: Why the World Is So F*cked Up and What You Can Do About It

    Filed under the following tags: deep state finance government psychology

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