“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

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

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 "The genius of the corporation as a business form, and the reason for its remarkable rise over the last three centuries,…" by Joel Bakan?

Joel Bakan 15

Canadian writer, musician, filmmaker and legal scholar 1959

Related quotes

“Already in the last few decades, economic powers have reached the point of imperiling the stability of the state through new forms of the circulation of capital that go by the generic name of multinational corporations.”

Jean-François Lyotard (1924–1998) French philosopher

Source: The Postmodern Condition: A Report on Knowledge (1977), p. 5

“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)

“Big business in America today and for some years has been openly at war with competition and, thus, at war with laissez-faire capitalism. … The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business. It is unfortunate that many New Leftists are so uncritical as to accept this premise as indicating that all forms of capitalism are bad…”

Karl Hess (1923–1994) American journalist

"The Death of Politics", Playboy magazine (March 1969)

“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 (1941–2006) writer, activist

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

“A century and a half after its birth, the modern business corporation, an artificial person made in the image of a human psychopath, now is seeking to remake real people in its image.”

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

Source: The Corporation: The Pathological Pursuit of Profit and Power (2004), Chapter 5, Corporations Unlimited, p. 135

“[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)

“Every finite thing possesses a certain power of being of its own and thus possesses a capacity for fate.”

Paul Tillich (1886–1965) German-American theologian and philosopher

"Philosophy and Fate"
The Protestant Era (1948)
Context: The union of kairos and logos is the philosophical task set for us in philosophy and in all fields that are accessible to the philosophical attitude. The logos is to be taken up into the kairos, universal values into the fullness of time, truth into the fate of existence. The separation of idea and existence has to be brought to an end. It is the very nature of essence to come into existence, to enter into time and fate. This happens to essence not because of something extraneous to it; it is rather the expression of its own intrinsic character, of its freedom. And it is essential to philosophy to stand in existence, to create out of time and fate. It would be wrong if one were to characterize this as a knowledge bound to necessity. Since existence itself stands in fate, it is proper that philosophy should also stand in fate. Existence and knowledge both are subject to fate. The immutable and eternal heaven of truth of which Plato speaks is accessible only to a knowledge that is free from fate—to divine knowledge. The truth that stands in fate is accessible to him who stands within fate, who is himself an element of fate, for thought is a part of existence. And not only is existence fate to thought, but so also is thought fate to existence, just as everything is fate to everything else. Thought is one of the powers of being, it is a power within existence. And it proves its power by being able to spring out of any given existential situation and create something new! It can leap over existence just as existence can leap over it. Because of this characteristic of thought, the view perhaps quite naturally arose that thought may be detached from existence and may therefore liberate man from his hateful bondage to it. But the history of philosophy itself has shown that this opinion is a mistaken one. The leap of thought does not involve a breaking of the ties with existence; even in the act of its greatest freedom, thought remains bound to fate. Thus the history of philosophy shows that all existence stands in fate. Every finite thing possesses a certain power of being of its own and thus possesses a capacity for fate. The greater a finite thing’s autonomous power of being is, the higher is its capacity for fate and the more deeply is the knowledge of it involved in fate. From physics on up to the normative cultural sciences there is a gradation, the logos standing at the one end and the kairos at the other. But there is no point at which either logos or kairos alone is to be found. Hence even our knowledge of the fateful character of philosophy must at the same time stand in logos and in kairos. If it stood only in the kairos, it would be without validity and the assertion would be valid only for the one making it; if it stood only in the logos, it would be without fate and would therefore have no part in existence, for existence is involved in fate.

“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

“The Key! it is of wonderful construction, with its infinity of combination, and its unlimited capacity to fit every lock. … it is the great master-key which unlocks every door of knowledge and without which no discovery which deserves the name — which is law, and not isolated fact — has been or ever can be made.”

Benjamin Peirce (1809–1880) American mathematician

Ben Yamen's Song of Geometry (1853)
Context: The Key! it is of wonderful construction, with its infinity of combination, and its unlimited capacity to fit every lock. … it is the great master-key which unlocks every door of knowledge and without which no discovery which deserves the name — which is law, and not isolated fact — has been or ever can be made. Fascinated by its symmetry the geometer may at times have been too exclusively engrossed with his science, forgetful of its applications; he may have exalted it into his idol and worshipped it; he may have degraded it into his toy... when he should have been hard at work with it, using it for the benefit of mankind and the glory of his Creator.

“The market remained the generator of demand for goods and services, but modern business enterprise took over the functions of coordinating flows of goods and services through existing processes of production and distribution, and of allocating funds and personnel for future production and distribution. As modern business enterprise acquired functions hitherto carried out by the market, it became the most powerful institution in the American economy and its managers the most influential group of economic decision makers. The rise of modern business enterprise in the United States, therefore, brought with it managerial capitalism.”

Alfred D. Chandler, Jr. (1918–2007) American historian

Source: The Visible Hand (1977), p. 1.

“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.”

Help us to complete the source, original and additional information

Joel Bakan 15

Related quotes

Related topics