Coquitlam Public Library

The corporation, the pathological pursuit of profit and power, Joel Bakan

eng

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The corporation

electronic resource

Joel Bakan

the pathological pursuit of profit and power

Joel Bakan, an eminent law professor and legal theorist, 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. Mandated to pursue, relentlessly and without exception, their 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-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.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.Backed by extensive research, The Corporation draws on in-depth interviews with such wide-ranging figures as CEO Hank McKinnell of Pfizer, Nobel Prize-winner Milton Friedman, business guru Peter Drucker, and critic Noam Chomsky of MIT

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