Bakan contends that the corporation is created by law to function much like a psychopathic personality whose destructive behavior, if left unchecked, leads to scandal and ruin.Bakan would be on the right track if, instead, he were to make these claims:
In the most revolutionary assessment of the corporation as a legal and economic institution since Peter Drucker's early works, Bakan backs his premise with the following claims:The corporation's legally defined mandate is to pursue relentlessly and without exception its own economic self-interest, regardless of the harmful consequences it might cause to others -- a concept endorsed by no less a luminary than the Nobel Prize-winning economist Milton Friedman.Despite the structural failings found in the corporation, Bakan believes change is possible and outlines a far-reaching program of concrete, pragmatic, and realistic reforms through legal regulation and democratic control.
The corporation's unbridled self-interest victimizes individuals, society, and, when it goes awry, even shareholders and can cause corporations to self-destruct, as recent Wall Street scandals reveal.
While corporate social responsibility in some instances does much good, it is often merely a token gesture, serving to mask the corporation's true character.
Governments have abdicated much of their control over the corporation, despite its flawed character, by freeing it from legal constraints through deregulation and by granting it ever greater authority over society through privatization.
The politician's license -- granted by the "living" Constitution -- is to pursue relentlessly and without exception his power to control our peaceful pursuit of happiness, regardless of the harmful consequences it might cause -- a concept endorsed by no less than three dozen Congresses, a dozen presidents, and dozens of Supreme Court justices.(Thanks to Verity at Southern Appeal for the tip.)
The politician's unbridled self-interest victimizes individuals, society, and, when it goes awry, even the purported beneficiaries of his insatiable thirst for control.
While the acts of government in some instances are necessary to the security of life, liberty, and property, most politicians -- especially those of the left -- do not even pretend that the scope of government power should be restricted to those necessary functions.
Elected officials and judges, sworn to uphold the Constitution, have violated their oaths of office innumerable times, by freeing government from its constitutional constraints and by granting it almost dictatorial authority over society through legislation, regulation, and adjudication.