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| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 871 |
Essay's paper body
This leaves ample space for him to
devote to some unpleasant examples of corporate malfeasance, and for entertaining
digressions such as the tale of a failed coup against FDR.
Entertaining as it is, the book’s main claim is, at first sight, a surprising one.
Corporations, as associations with a separate legal personality from that of their
members, have been around for centuries, and while limited liability for shareholders
is a more recent phenomenon, it is hardly new...
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The legal doctrine according to which
companies are ‘persons’ with constitutional rights of their own is almost entirely a
US invention, and cannot be regarded as a universal feature of the corporate form.
A closer reading indicates that when Bakan refers to ‘the corporation’, he means the
‘large Anglo-American publicly-traded business corporation’...
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