The Corporation by Joel Bakan audiobook

The Corporation: The Pathological Pursuit of Profit and Power

By Joel Bakan
Read by Rebecca Jenkins

Hypnotic Press
6.50 Hours Unabridged
Format: Digital Download (In Stock)
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    ISBN: 9781927401187

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The Corporation is a brilliantly argued account of the corporation’s pathological pursuit of profit and power. An eminent law professor and legal theorist, Joel Bakan 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. In the most revolutionary assessment of the corporation as a legal and economic institution since Peter Drucker’s early works, Bakan backs his premise with the following claims: The corporation’s legally defined mandate is to pursue relentlessly and without exception its 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.While corporate social responsibility in some instances does much good, it is often merely a token gesture, serving to mask the corporation’s true character.Governments have abdicated much of their control over the corporation, despite its flawed character, by freeing it from legal constraints through deregulation and by granting it ever greater authority over society through privatization.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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Summary

Summary

The Corporation is a brilliantly argued account of the corporation’s pathological pursuit of profit and power. An eminent law professor and legal theorist, Joel Bakan 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.

In the most revolutionary assessment of the corporation as a legal and economic institution since Peter Drucker’s early works, Bakan backs his premise with the following claims:

  • The corporation’s legally defined mandate is to pursue relentlessly and without exception its 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.
  • While corporate social responsibility in some instances does much good, it is often merely a token gesture, serving to mask the corporation’s true character.
  • Governments have abdicated much of their control over the corporation, despite its flawed character, by freeing it from legal constraints through deregulation and by granting it ever greater authority over society through privatization.

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.

Editorial Reviews

Editorial Reviews

“This incisive study should be read carefully and pondered. And it should be a stimulus to constructive action.” Noam Chomsky
“The corporation, according to Joel Bakan, is the monster that can swallow civilization—greedy, exploitive, and unstoppable. We are all its potential victims, which is why we must all understand how the corporate form makes it so difficult to control its abuses.” Alan M. Dershowitz
“Bakan does such a good job of creating awareness that [The Corporation] can’t help but be a call to action.” USA Today
“Bakan…takes a powerful stab at the most influential institution of our time, the corporation…Bakan believes that, like Communism, this ideological order cannot last and that corporate rule must be challenged to bring balance and revive the values of democracy, social justice, equality, and compassion. [An] eye-opening look at a system ‘programmed to exploit others for profit.’” Booklist (starred review)

Reviews

Reviews

Author

Author Bio: Joel Bakan

Author Bio: Joel Bakan

Joel Bakan is an author, filmmaker, and professor of law at the University of British Columbia. His work examines the social, economic, and political dimensions of law, and he has published in leading legal and social science journals as well as in the popular press. Bakan has won numerous awards for his scholarship and teaching, worked on landmark legal cases and government policy, and served frequently as a media commentator.

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Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 6.50
Audience: Adult
Language: English