“A triumphalist corporate capitalism, free at last of the specter of Communism, has mobilized its economic power to relentlessly marginalize all nonmarket values; to subordinate every aspect of American life to corporate "efficiency" and the bottom line; to demonize not only government but the very idea of public service and public goods.”

— Ellen Willis

"Dreaming of War" http://www.thenation.com/doc/20011015/willis, The Nation (15 October 2001)

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Ellen Willis 43

writer, activist 1941–2006

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“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 corporate manager who achieves success by honest efficiency in giving the best service to the public should be favored because we all beneﬁt by his efficiency. […] he should be helped by the Government because his success is good for the National welfare. But a man who, grasps and holds business power by breaking the industrial efficiency of others, who wins success by methods which are against‘ the public interest and degrading to the public morals, should not be permitted to ‘ exercise such power. Instead of punishing him by a long and doubtful process of the law after the wrong has been com- mitted, there should be such effective Government regulation as to check the evil tendencies at the moment that they start do develop.”

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

1910s, The Progressives, Past and Present (1910)

“[Corporations must manifest in this area a conscience, or be required to] accept direction from the conscience of the government. This conscience must be built into institutions so that it can be invoked as a right by the individuals and interests subject to the corporate power… For twentieth-century capitalism will justify itself not only by its out-turn product, but by its content of life values.”

Adolf A. Berle (1895–1971) American diplomat

Source: The 20th century capitalist revolution. 1954, p. 113-114; as cited in Prashker (1954)

“Ken also identified the corporation, not “the market,” as the defining institution of modern economic activity, developing these and related themes both in his teaching and in such widely celebrated books as American Capitalism (1952) and The New Industrial State (1967). But his interest in these ideas persisted throughout his life. The central importance of the corporation, and the fear that government was no longer able to provide an adequate countervailing force against corporate influence exerted both legally and otherwise, was the subject of his last book, The Economics of Innocent Fraud”

Amartya Sen (1933) Indian economist

2004
Stephen A. Marglin, Richard Parker, Amartya Sen, and Benjamin M. Friedman, “John Kenneth Galbraith”, Harvard Gazette (February 7, 2008)
2000s

“The genius of the corporation as a business form, and the reason for its remarkable rise over the last three centuries, was - and is - its capacity to combine the capital, and thus the economic power, of unlimited numbers of people.”

Joel Bakan (1959) Canadian writer, musician, filmmaker and legal scholar

Source: The Corporation: The Pathological Pursuit of Profit and Power (2004), Chapter 1, The Corporation's Rise To Dominance, p. 8

“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.”

Dominic Cadbury (1940) British businessman and member of the Cadbury chocolate manufacturing dynasty

UK, Commission Report: Corporate Governance (1992).

“The corporation was originally conceived as a public institution whose purpose was to serve national interests and advance the public good.”

Joel Bakan (1959) Canadian writer, musician, filmmaker and legal scholar

Source: The Corporation: The Pathological Pursuit of Profit and Power (2004), Chapter 6, Reckoning, p. 153

“good publicity is preferable to bad, but from a bottom-line perspective, bad publicity is sometimes better than no publicity at all. Controversy, in short, sells.”

Donald J. Trump book Trump: The Art of the Deal

Source: Trump: The Art of the Deal

“Part of America's industrial problems is the aim of its corporate managers. Most American executives think they are in the business to make money, rather than products or service…The Japanese corporate credo, on the other hand, is that a company should become the world's most efficient provider of whatever product and service it offers. Once it becomes the world leader and continues to offer good products, profits follow.”

W. Edwards Deming (1900–1993) American professor, author, and consultant

Source: Out Of The Crisis (1982), p. 99

“Deregulation has been, above all else, a means of reducing corporate business's accountability to the public.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Five, Corporatizing Communication And Culture, p. 138

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Ellen Willis 43

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