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The Corporation: The Pathological Pursuit of Profit and Power, by Joel Bakan - Essay Example

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This essay discusses the book The Corporation: The Pathological Pursuit of Profit and Power, by Joel Bakan, is based on the ideology that capitalism is currently dominated by corporations that are only looking out for their own best interests and that this system cannot hold up…
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The Corporation: The Pathological Pursuit of Profit and Power, by Joel Bakan
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Download file to see previous pages The difference, however, is that Bakan believes that corporate greed will be enough to end the current system, while Marx wished to end it through violent uprisings.
The corporate world is one of the most selfish entities in history, as its greed has become more important than the welfare of mankind. Because of this, Bakan makes the claim that corporations are pathological. This is like comparing corporations to a serial killer, as these murderers are often described in the same manner. They do not think about the human element in any of their actions, but rather are only concerned by their own interests, regardless of the effect this has on others. This trend has grown because of the fact that the shareholders are no longer legally responsible for the actions of the corporation. This is because the government sees corporate growth as a positive for the economy, as it raised the gross national product. This is not true, however, as all of the money is going into the pockets of the elites. The entire system is now corrupt, as companies can now own shares in rival corporations without creating a conflict of interest. This is unfair because it means that there is no competitive balance. Basically, the elites have gotten to the point where they control the economy completely, which means that the world is dangerously close to going back to the feudal system. The goal of the corporation is to make money at all costs, even if these costs make the world much worse in the long run. In fact, the corporation is legally obligated to increase its profit as much as possible, since “the law forbids any other motivation for their actions, whether to assist workers, improve the environment, or help consumers save money. They can do these things with their own money, as private citizens” (Bakan, 2004, P. 37).   ...Download file to see next pagesRead More
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