Source: The Modern Corporation and Private Property. 1932/1967, p. 355
“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.”
Source: The Modern Corporation and Private Property. 1932/1967, p. 2 (1967, p. 4)
Help us to complete the source, original and additional information
Adolf A. Berle 14
American diplomat 1895–1971Related quotes
Dissent, Liggett Co. v. Lee, 288 U.S. 517 (1933), at 565-67.
Judicial opinions
Context: Through size, corporations, once merely an efficient tool employed by individuals in the conduct of private business have become an institution-an institution which has brought such concentration of economic power that so-called private corporations are sometimes able to dominate the state. The typical business corporation of the last century, owned by a small group of individuals, managed by their owners, and limited in size by their private wealth, is being supplanted by huge concerns in which the lives of tens or hundreds of thousands of employees and the property of tens of hundreds of thousands of investors are subjected, through the corporate mechanism, to the control of a few men. Ownership has been separated from control; and this separation has removed many of the checks which formerly operated to curb the misuse of wealth and power. And, as ownership of the shares is becoming continually more dispersed, the power which formerly accompanied ownership is becoming increasingly concentrated in the hands of a few... [and] coincident with the growth of these giant corporations, there has occurred a marked concentration of individual wealth; and that the resulting disparity in incomes is a major cause of the existing depression.
'Heath's spadework for socialism', The Sunday Times (25 March 1973), p. 61
1970s
“A society is not defined as developed by the wealth it has but by the poverty it doesn’t have.”
Ciencia Política newspaper, Buenos Aires, (2008)
Introduction to Capital. Introduction to volume 1 (1976)
Source: The Political Economy of International Relations (1987), Chapter Three, Dynamics Of Political Economy, p. 100
Benjamin I. Page and Martin Gilens, Democracy in America?: What Has Gone Wrong and What We Can Do About It (University of Chicago Press: 2017), p. 19
on the Diane Rehm Show.
Post-Presidency
1 https://en.vogue.me/culture/the-most-inspirational-quotes-from-the-late-sheikh-zayed/, 3 https://www.goodreads.com/author/quotes/9827319.Sheikh_Zayed_Al_Nahyan