Magazine article New Internationalist

The Corporation: The Pathological Pursuit of Profit and Power

Magazine article New Internationalist

The Corporation: The Pathological Pursuit of Profit and Power

Article excerpt

The Corporation The pathological pursuit of profit and power by Joel Bakan (Constable ISBN 1 84529 079 8)

You need to read this book. This was the work on corporate power that was waiting to be written.

Bakan has produced a crystal clear, systemic analysis of the corporation, illuminated by examples, from a 1930s big business coup plot against Roosevelt, to the contemporary morality tale of how the Body Shop lost its soul after it was floated on the stock market.

Brilliantly, Bakan avoids the mainstream media's mistake of concentrating on employees' personal morality, limited notions of consumer power, or on the view of Enron et al as 'bad apples' rather than part of a deeply destructive underlying system. Instead he goes right to the heart of the problem: the structure of the corporate charter means the company is legally obliged to maximize shareholder profits above all other considerations. …

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