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Century Quotes

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Century Quotes

“In some far-off distant time, when the twentieth century history of primitive computing is just a murky memory, someone is likely to suppose that devices known as logic gates were named after the famous co-founder of Microsoft Corporation”

“The intertwining of corporations and government has become so extensive in this century that the notion of a democratic balancing act has become a dangerous illusion-and one of the cornerstones of the corporate mystique.”

“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.”

“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.”

“In the early 1970s, Milton Friedman argued that corporations should not be socially responsible because they had no mandate to be; they existed to make money, not to be charitable institutions. But in the economy of the 21st century, corporations cannot be socially responsible, if social responsibility is understood to mean sacrificing profits for the sake of some perceived social good. That's because competition has become so much more intense.”