“The property owner who invests in a modern corporation so far surrenders his wealth to those in control of the corporation that he has exchanged the position of independent owner for one in which he may become merely recipient of the wages of capital… [Such owners] have surrendered the right that the corporation should be operated in their sole interest…”

Source: The Modern Corporation and Private Property. 1932/1967, p. 355

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Adolf A. Berle14

American diplomat 1895–1971

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 55

“Not only have material wealth and the possibilities for freeing mankind definitively from the burden of meaningless, repetitive and mechanical work increased, but so too has the polarization of society between fewer and fewer owners of capital and more and more workers of hand and brain, forced to sell their labour-power to these owners. The concentration of wealth and power in a small number of giant industrial and financial corporations has brought with it an increasingly universal struggle between Capital and Labour.”

Ernest Mandel (1923–1995) Belgian economist and Marxist philosopher

Introduction to Capital. Introduction to volume 1 (1976)

“The broadening of the economic order which came to be seated in the individual property owner… dramatized by Jefferson's purchase of the Louisiana Territory… "The supremacy of corporate economic power… consolidated by the Supreme Court decision of 1886 which declared that the Fourteenth Amendment protected the corporation… [the New Deal, leading to], within the political arena, as well as in the corporate world itself, competing centers of power that challenged those of the corporate directors.”

C. Wright Mills book The Power Elite

Source: The Power Elite (1956), P. 270-272; key shifts in power relations which Mills contends have brought us to the current state.

“IN a free‐enterprise, private‐property system, a corporate executive is an employe of the owners of the business. He has direct responsibility to his employers. That responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom. Of course, in some cases his employers may have a different objective. A group of persons might establish a corporation for an eleemosynary purpose—for example, a hospital or school. The manager of such a corporation will not have money profit as his objective but the rendering of certain services. In either case, the key point is that, in his capacity as a corporate executive, the manager is the agent of the individuals who own the corporation or establish the eleemosynary institution, and his primary responsibility is to them.”

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

“A Friedman doctrine‐- The Social Responsibility Of Business Is to Increase Its Profits” (Sept. 1970)

“The systems advocated by professed upholders of laissez-faire are in reality permeated with coercive restrictions of individual freedom…. What is the government doing when it “protects a property right”? Passively, it is abstaining from interference with the owner when he deals with the thing owned; actively, it is forcing the non-owner to desist from handling it, unless the owner consents. Yet Mr. Carver would have it that the government is merely preventing the non-owner from using force against the owner. This explanation is obviously at variance with the facts—for the non-owner is forbidden to handle the owner's property even where his handling of it involves no violence or force whatever…. In protecting property the government is doing something quite apart from merely keeping the peace. It is exerting coercion wherever that is necessary to protect each owner, not merely from violence, but also from peaceful infringement of his sole right to enjoy the thing owned.”

Robert Lee Hale (1884–1969) American lawyer and economist

“Coercion and Distribution in a Supposedly Non-Coercive State,” Political Science Quarterly, Vol. 38, No. 3 (Sep., 1923), pp. 470-494

“If those in charge of our society — politicians, corporate executives, and owners of press and television — can dominate our ideas, they will be secure in their power.”

Howard Zinn (1922–2010) author and historian

Declarations of Independence: Cross-Examining American Ideology (1991): "American Ideology" http://www.thirdworldtraveler.com/Zinn/AmericanIdeology_DI.html <br class="br">Context: If those in charge of our society — politicians, corporate executives, and owners of press and television — can dominate our ideas, they will be secure in their power. They will not need soldiers patrolling the streets. We will control ourselves.

“We are in need of new concepts… which reorient our way of looking at the world to encompass present and future changes. I believe [in] the predominant framework for modern corporation… the corporation is viewed as a resource-conversion entity, taking raw material and converting tme into products, with dollars measuring the transaction. Returns are provided to owners in the form of dividends or capital appreciation in the marketplace.”

R. Edward Freeman (1951) American academic

Source: Strategic Management: A Stakeholder Approach, 2007, p. 7

“In its new aspect the corporation is a means whereby the wealth of innumerable individuals has been concentrated into huge aggregates and whereby control over this wealth has been surrendered to a unified direction. The power attendant upon such concentration has brought forth princes of industry, whose position in the community is yet to be defined. The surrender of control over their wealth by investors has effectively broken the old property relationships and has raise the problem of defining these relationship anew. The direction of industry by persons other than those who have ventured their wealth has raised the question of the motive force back of such direction and the effective distribution of the returns from business enterprise.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 2 (1967, p. 4)

“What matters is to emphasize the fundamental idea in my party's economic program clearly; the idea of authority. I want the authority; I want everyone to keep the property he has acquired for himself according to the principle: Benefit to the community precedes benefit to the individual. But the state should retain supervision and each property owner should consider himself appointed by the state. It is his duty not to use his property against the interests of others among his own people. This is the crucial matter. The Third Reich will always retain its right to control the owners of property.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

In 1931, as quoted in Nazi Economics: Ideology, Theory, and Policy https://books.google.com/books?id=kp3p_sIk8h8C&pg=PA303 (1990), by Avraham Barkai, pp. 26&ndash;27 <br class="br">1930s

“Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!”

Ron Paul (1935) American politician and physician

Has Capitalism Failed? http://www.house.gov/paul/congrec/congrec2002/cr070902.htm (July 9, 2002). <br class="br">2000s, 2001-2005

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