Great book, but the author is an optimist so I cannot fully agree with him (corporations were "our creation" - - not me, big guy!). Corporations have been behind every tremendous travesty in global history, from widespread slavery, to the present slavery of women and children burned to death in garment factories in Bangladesh, reminiscent of the Triangle Shirtwaist Factory fire in New York City in 1911, in both cases fire regulations, standards and norms were ignored. Cheapest labor, slave labor (from Chinese prison labor to American prison labor) demonstrates that slavery in all its forms is alive and well in today's corporate fascist state! While in disagreement with many points by Adam Smith (frequently quoted and misquoted, but seldom read) I do agree with his being against both speculators and speculation, along with his belief that the "free market" (if such ever existed) was incompatible with corporations, being that corporations were monopolistically structured. The description states: " a concept endorsed by no less a luminary than the Nobel Prize-winning economist Milton Friedman" which is bizarre, given that Friedman espoused really looney tunes beliefs, none of which he ever practised (Milty believed everyone should be an "at-will employee" while he himself enjoyed a tenured postion on the Rockefeller-financed economics faculty at the University of Chicago). [FYI: No such creature as a Nobel Prize in Economics, it was established long after the death of the Nobel benefactor, and has no connection to the Nobel family, the official name is the Swedish Central Bank (Rijksbank) Prize in Economic Science in Memory of Nobel - - much as any critic of Milton Friedman would call a "Looney Tunes Wacko Prize in Memory of Milty Friedman" the Friedman Prize!] Historically, corporations (especially banking corporations) have been behind many assassinations, from the first researched one of England's Spencer Percival, to the murders of labor organizers and protesters financed by the Coca-Cola Corporation (in South America).
Read this some time ago, but suddenly relized those reading this might want further exposure to the results of the travesty of treating corporations like individuals.
to that end, I suggest:
"Democracy Incorporated" by Sheldon S. Wolin
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