“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.” PeopleNeedsFirstsGovernmentSocialCenturyMovementGrewFirst TimeCrisisInstitutionsSizeCorporationsThreatenedTwentieth CenturyLegitimacySocial InstitutionsMergersBehemoth Book:The Corporation: The Pathological Pursuit of Profit and Power Source: The Corporation: The Pathological Pursuit of Profit and Power
“The corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool for advancing social and economic policy.” NeedsPersonsStatesDesireSocialRightsEconomicPolicyToolsIndependentCorporationsAdvancingEconomic PolicyRegulatorsIndependent Person Book:The Corporation: The Pathological Pursuit of Profit and Power Source: The Corporation: The Pathological Pursuit of Profit and Power
“Governments can can send inspectors to companies. Governments can put legal requirements in place to disclose information that consumers and workers and other interested people need. Non-governmental organizations don't have that legal power and to me, that's what imposes substantial limitiations on how far we can go with trying to keep corporations accountable though non-governmental measures.” PeopleNeedsTryingGovernmentBusinessCompanyInformationOrganizationWorkersConsumersCorporationsRequirementsInspectors Author:Joel Bakan
