As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.
Joel BakanCorporations now govern society, perhaps more than governments themselves do; yet ironically, it is their very power, much of which they have gained through economic globalization, that makes them vulnerable.
Joel BakanQuotes from the Underground is a remarkable resource and must-read for writers, researchers, activists and indeed anyone who embraces progressive values and hopes to rescue politics from corporate control.
Joel BakanThe whole difficulty I think that that we're facing now is the question of who is going to ensure that corporations are accountable. The problem with leaving it to activists and non-governmental organizations-even with the tool of the Internet at their disposal-is that those organizations and those people don't have the legal right to compel corporations to disclose information, and that is something that governments can do.
Joel BakanAs institutional psychopaths, corporations are wont to remove obstacles that get into their way.
Joel BakanThe corporation was originally conceived as a public institution whose purpose was to serve national interests and advance the public good.
Joel BakanAs the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.
Joel Bakan