“Now appears the fourth stage. In this situation emerge the newer mechanisms, the fiduciary institutions, by which these dispersed stockholdings are at once more becoming concentrated.”

—  Adolf A. Berle

Source: Power Without Property, 1959, p. 75; As cited in: Richard Brinkman (2013) Corporate Pharaohs: A Vicious Circle of Globalization. p. 249.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Now appears the fourth stage. In this situation emerge the newer mechanisms, the fiduciary institutions, by which these…" by Adolf A. Berle?
Adolf A. Berle photo
Adolf A. Berle 14
American diplomat 1895–1971

Related quotes

Norman Mailer photo

“There are four stages to marriage. First there's the affair, then there's the marriage, then children, and finally the fourth stage, without which you cannot know a woman, the divorce.”

Norman Mailer (1923–2007) American novelist, journalist, essayist, playwright, film maker, actor and political candidate

News summaries (31 December 1969)

Charles Babbage photo

“The whole of arithmetic now appeared within the grasp of mechanism.”

Charles Babbage (1791–1871) mathematician, philosopher, inventor and mechanical engineer who originated the concept of a programmable c…

Passages from the Life of a Philosopher (1864), ch. 8 "Of the Analytical Engine"
Passages from the Life of a Philosopher (1864)

Milton Friedman photo

“The problem in this world is to avoid concentration of power - we must have a dispersion of power.”

Milton Friedman (1912–2006) American economist, statistician, and writer

Milton Friedman - Big Business, Big Government http://www.youtube.com/watch?v=R_T0WF-uCWg

Thomas Babington Macaulay, 1st Baron Macaulay photo

“The gallery in which the reporters sit has become a fourth estate of the realm.”

Thomas Babington Macaulay, 1st Baron Macaulay (1800–1859) British historian and Whig politician

On Hallam's Constitutional History (1828)

“Metal, intrinsic value, deep and dense,
Preanimate, inimitable, still,
Real, but an evil with no human sense,
Dispersed the mind to concentrate the will.”

Yvor Winters (1900–1968) American poet and literary critic

"John Sutter"
The Collected Poems of Yvor Winters (1960)

Thomas Sowell photo

“Before attempting to determine the effect of institutions, it is necessary to consider the inherent circumstances, constraints, and impelling forces at work in the environment within which the institutional mechanisms function.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Source: 1980s–1990s, Knowledge and Decisions (1980; 1996), Ch. 2 : Decision-Making Processes

“Once a definition is embedded in a program, the opinions of personnel who remain at the institution become congruent with it.”

Charles Perrow (1925–2019) American sociologist

Source: 1970s, Organizational Analysis: A Sociological View, 1970, p. 34

Robert Graves photo

“Kaisers and Czars will strut the stage
Once more with pomp and greed and rage”

Robert Graves (1895–1985) English poet and novelist

"The Next War".
Fairies and Fusiliers (1917)
Context: Kaisers and Czars will strut the stage
Once more with pomp and greed and rage;
Courtly ministers will stop
At home and fight to the last drop;
By the million men will die
In some new horrible agony...

Friedrich Nietzsche photo

“Our institutions are no good any more: on that there is universal agreement. However, it is not their fault but ours. Once we have lost all the instincts out of which institutions grow, we lose institutions altogether because we are no longer good for them.”

Friedrich Nietzsche book Twilight of the Idols

Twilight of the Idols (1888)

Adolf A. Berle photo

“No large concentrated stockholding exists which maintains close relationship with the management or is capable of challenging it, so that the board of directors may regularly expect a majority… to follow their lead. Thus they need not consult with anyone when making up their slate of directors… They select their own successors.”

Adolf A. Berle (1895–1971) American diplomat

Source: Power Without Property, 1959, p. 73; As cited in: Leslie A White, ‎Robert Carniero, ‎Benjamin Urish (2008) Modern Capitalist Culture. p. 387.

Related topics