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January 2009
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the corporation

the corporation

Since every day the office closes at 7pm i end up having a lot of time every evening. Eventually i started reading. There are plenty of books that i always wanted to read and never did i have the time.

Yesterday evening i ended 'the Corporation' from Joel Bakan. It is an interesting analysis about why are corporations harmful. How historically we came in this situation and what can be done. It is very clear in explaining why under the current legislation corporations are and will always be harmful. How they are similar to each other and how, for example, they can be socially useful only in the measure in which their ceo can prove they were just doing it to increase the corporation economic power. And how ceo are generally not bad people, but the legal position they have requires them to take certain position as their only parameter MUST BE: am i acting for the highest economical good of the stockholders? This is because there was a time when it was believed that the individual good will always bring on the global good, the invisible hand of the market, the high tide that rises all ships. Now, stats in hand, this is more and more criticised, but the law is still active. It is chilling, but helpful. After reading this book i feel i have a better understanding of modern society. Any idea of company self control, companies being partner of the government, companies being the next form of government and being controlled by citizens are thrashed with clear undeniable logic. You should read it too.