“One aspect of modern life which has gone far to stifle men is the rapid growth of tremendous corporations. Enormous spiritual sacrifices are made in the transformation of shopkeepers into employees… The disappearance of free enterprise has led to a submergence of the individual in the impersonal corporation in much the same manner as he has been submerged in the state in other lands.”

— William O. Douglas

Speech at annual dinner of Fordham University Alumni Association, New York City (February 9, 1939), reported in James Allen, Democracy and Finance (1940, reprinted 1969), p. 291. This was Douglas's last speech as chairman of the Securities and Exchange Commission before his appointment to the Supreme Court.
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William O. Douglas 52

Associate Justice of the Supreme Court of the United States 1898–1980

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“The prevalence of the corporation in America has led men of this generation to act, at times, as if the privilege of doing business in corporate form were inherent in the citizen; and has led them to accept the evils attendant upon the free and unrestricted use of the corporate mechanism as if these evils were the inescapable price of civilized life, and, hence to be borne with resignation.”

Louis Brandeis (1856–1941) American Supreme Court Justice

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“The growth of cities has gone on beyond comparison faster than the growth of the country, and the upbuilding of the great industrial centers has meant a startling increase, not merely in the aggregate of wealth, but in the number of very large individual, and especially of very large corporate, fortunes. The creation of these great corporate fortunes has not been due to the tariff nor to any other governmental action, but to natural causes in the business world, operating in other countries as they operate in our own.”

Theodore Roosevelt (1858–1919) American politician, 26th president of the United States

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“The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.”

John Kenneth Galbraith book The Affluent Society

Source: The Affluent Society (1958), Chapter 8, Section II, p. 87

“The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.”

Alex Carey (1922–1988) Australian psychologist

Source: Taking the Risk Out of Democracy: Corporate Propaganda versus Freedom and Liberty (1995), p. 18

“[Corporate programming] is often done to the point where the individual is completely submerged in corporate "culture" with no outlet for unique talents and skills. Corporate practices can be directly hostile to individuals with exceptional skills and initiative in technical matters. I consider such management of technical people cruel and wasteful.”

Bjarne Stroustrup (1950) Danish computer scientist, creator of C++

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“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…”

Adolf A. Berle (1895–1971) American diplomat

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

“The individual is fast disappearing as a business factor and in his stead is this new device, the modern corporation.”

Robert M. La Follette Sr. (1855–1925) American politician

“The Danger Threatening Representative Government” Speech (1897) http://www.wisconsinhistory.org/pdfs/lessons/EDU-SpeechTranscript-SpeechesLaFollette-DangerThreatening.pdf
Context: Since the birth of the Republic, indeed almost within the last generation, a new and powerful factor has taken its place in our business, financial and political world and is there exercising a tremendous influence. The existence of the corporation, as we have it with us today, was never dreamed of by the fathers…The corporation of today has invaded every department of business, and it’s powerful but invisible hand is felt in almost all activities of life. The effect of this change upon the American people is radical and rapid. The individual is fast disappearing as a business factor and in his stead is this new device, the modern corporation.

“An income tax intended to reduce inequality and promote the diffusion of wealth has in practice fostered reinvestment of corporate earnings, thereby favoring the growth of large corporations, inhibiting the operation of the capital market, and discouraging the establishment of new enterprises.”

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

Source: (1962), Ch. 13 Conclusion, 2002 edition, p. 198

“The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation… The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“The man who comes home exhausted because he has been taught to believe without question that his male identity is based on nine-to-five loyalty and the giving of his best energies to the corporation has made a decision about his sexuality. He sacrifices his corpus to the corporation. His chosen method of expending energy and structuring time disallows afternoon dalliance with his wife or lover.”

Sam Keen (1931) author, professor, and philosopher

Source: The Passionate Life (1983), p. 101

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