As If Being 12 3/4 Isnt Bad Enough, My Mother Is Running for President! fOne of Cambridge Sustainability s Top 50 Booksor Sustainability as voted As If Being 12 3/4 Isn't Bad Enough, My Mother Is Running for President! for by our alumni network of over 3000 senior leadersrom around the world To Stickman Odyssey, Book 2: The Wrath of Zozimos fin This is the companion book to the excellent documentary called unsurprisingly The Corporation The documentary to be honest isun and has a attuned sense of humor which is refreshing The book tends to be a little drier and The Last of the Tribe feels rushed at times as if Bakan is trying to get the point across as uickly as possible and with as little depth as possible Which isine Let s ace it if you re reading this book in the irst place much of what is in it will seem The Book of Air familiar or even redundant It s of a basic outline of how shitty corporations areor people who might still not uite understand that For me it s value lies in showing the layfolk of the land that their anger directed usually at people of differing pigmentation plain damn dumb andor deity iffy at best is misdirected down It should be pointed up A critical examination of the nature of the modern corporation2 February 2013 I guess I discovered this book after watching the documentary movie of the same name though I suspect that the book was based upon the movie normally such movies tend to spawn books which explore the topics that the movie explores in greater detail The corporation itself is a dichotomy namely because despite what is wrong with these entities Bakan proves that they have all of the characteristics of a psychopath these entities are also responsible or our current lifestyle To be honest to remove the economic institutions we have today and return to the era of the cottage industry and the local store owner will drive up prices and undermine our luxurious lifestyles which will also be the result of doing nothing That does not necessarily mean that it is good or us to live the luxurious lifestyles that we are living in the west particularly since our lifestyles as all in history who live such extravagant lives are supported by slavery While they may not be slaves in the literal sense they are slaves in the economic sense living on less than two dollars a day and working extra ordinary hours in horrendous conditions Despite the act that many of the senior executives of these corporations as well as the shareholders which include any of us who have a pension und pretend that they don t know how these goods are being made or the conditions that the workers are working in in reality as is demonstrated in The Big One where Michael Moore asks Phillip Knight of Nike to go with him to Indonesia to see the conditions of the The Seduction of Miranda Prosper factories that the shoes are produced in an invitation which Phillip Knight politely declines we all wish to remain wilfully blind to the reality of what is going on namely because we don t actually want to give anything up and the that we have the less we want to give up Granted while I may not own a car and resist the temptation to buy things that I do not need I still live a rather luxurious life and theact that I can jump on a plane and The Warrior Princess of Pennyroyal Academy fly to Europe and back is a testament to that There are people that I work with that to them such an adventure is little than a pipe dream and I am not even earning big bucks This is because I have no dependants and little debt I have a much higher disposable income than many other people that I work with even those who hold higher positions than I do There are aew things that come out of this book or I should say the movie because that is what I am writing rom though I have read the book that I wish to explore
AND ONE OF THEM IS THE CORPORATION AS THE one of them is the corporation as the machine Externalisation is the art of making something somebody else s problem despite the act that you are the cause of that problem For example when a corporation dumps all of its toxic waste into the river and lets the government and the community deal with it then it is externalising waste management When it is too expensive to actually deal with the waste properly and the laws that prevent the corporation rom dumping the wast are weak or even non existent then the most cost effective way to deal with waste is to externalise it that is dump it into the river and make it somebody else s problem Labour is another thing that is externalised and one way to do that is to contract out certain areas so that the corporation can cut back on labour costs and not have to eel responsible Elizabeth I for how products are used Inact where in the past a corporation was defined by what it made and in turn sold this is pretty much disappearing as we speak Nike do not make shoes they contract that out to some sweatshop in Indonesia which is not even owned by them Instead they buy the shoes and then sell the shoes either direct to the consumer or through an intermediary As such Nike is no longer a manufacturer of shoes they are simply a brand that makes money by being a middle man HOWEVER IT IS NOT EVEN THAT BY CONTRACTING LABOUR it is not even that by contracting labour the sweatshops that the product becomes cheaper The price of the product actually stays the same it is just the profit that the corporation makes increases and even then there is no guarantee that the shareholders will ever see any of that profit Instead they will keep the profits which no doubt will result in an increased share price and even then the shareholder must know when to sell which is nigh impossible to maximise their investment What we need is not to get rid of the corporations because at heart we of the corporations because at heart we them to be able to maintain our extravagant lifestyles However what we need is a paradigm shift within ourselves and within our society We have to begin to learn to be content with less The Socialists are right when they say that even if we live in a country like Australia we must still remain vigilant less the reedoms and the laws that we have here are undermined by corporate greed However how many of us live in houses with electricity and how many of us watch television Can we go without our laptops or our mobile devices It is because we desire these things that the corporations remain in control Granted these devices make our lives easi. The inspiration Theres Always a Trail / Home in the Valley for theilm that won the 2004 Sundance Film Festival Audience Award or Best Documentary The Corporation contends that the corporation is created by law to unction much like a psychopathic personality whose destructive behavior if unchecked leads to scandal and ruinOver the last 150 years the corporation has risen rom relative obscurity to become the world’s dominant economic institution Eminent Canadian law professor and legal theorist Joel Bakan contends that today's corporation is a pathological institution a dangerous possessor of the great power it wields over people
Joel Bakan Ì 3 summaryIness with The Everyman Book of Nonsense Verse fascists to America s very ownascist corporate coup plot against FDR Business Plot Not detailed here but ascism is the attempt by State Capitalism to blame its own socioeconomic contradictions onto vulnerable groups Blackshirts and Reds Rational Fascism and the Overthrow of Communism And the Weak Suffer What They Must Europe s Crisis and America s Economic Future Discourse on Colonialism Ch5 Corporations Unlimited the spread of corporate psychopathy via privatization and marketing Ch6 Reckoning protests against the corporate takeover The State has not lost power the power has been redistributed to avor corporations Since the State still grants the Ten Years Beyond Baker Street: following to corporations they can be challengedrevoked 1 Legal personhood2 Limited Liability3 Legal mandateor profit4 Protection property rightsThe Missing The author makes it clear that non Government reforms are often a gift or corporations as they are non binding by law thus the enforcement is even weaker than legal regulations While the author does not say it a Marxist proletariat takeover of the State is an obvious theoretical route Follow up topics not discussed1 Economic Rent bankers with usurious debtinterest payments landlords with land rents monopolists with extortionary ees this was the rentier eudalism that Classical economists wanted to ree the market rom The vested interests reversed this with Neoclassical economics which avoids economic rent See Killing the Host How Financial Parasites and Debt Bondage Destroy the Global Economy 2 Finance the ultimate economic rent seekers capitalism s profit accumulation has reuired many adaptations in investment and debt So what does it mean or most of banking to be private or profit The Public Bank Solution From Austerity to Prosperity Where Does Money Come From A Guide To The Uk Monetary And Banking System3 Economic democracy even when workers take control of the State how does the proletariat State wither away We need to talk about worker co operatives owned and operated to re envision the labor market automation and democracy at the workplace 4 Global division of labor Imperialism this book ocuses on the Anglo American sphere as the history of the corporation details Much can be written about the pillaging and rent seeking of global division of labor China plays a curious role in its State planning and control over its own Finance while being a crucial part in global capitalism How does the rest of the world envision the uture The Poorer Nations A Possible History of the Global South This book is one of my avorites I ve owned NYCTaxiCabTales.com: Taxi Stories from streets of NYC for it only a month and yet it is notationed and dog earred andull of smudge prints The Wrong Side of the Bed from where I pointed to particular paragraphs and said Yes just like thatI d like to buy a copy of this bookor every The Alvin Ho Super Collection: Books 1-4 friendamily member and neighbor who listens to our town council meetings on our one radio station when a کاروان امید foreign mining company comes to town to make assurances that they should ignore the risks of cyanide spill and increased barge traf It is no secret that nearly all human societies including our present societiesavor the rich and powerful at the expense of everyone elseThe dominant institution کاروان امید: سرگذشت تری فاکس for implementing this type of exploitation today is the corporation Corporations get politicians elected take over our minds with advertising dump pollution into our environment and routinely commit crime upon crimeThe basic Premise of this book isairly simple Corporations are not run by evil people but are systematically designed in such a way that harming and exploiting people is a necessary component of their operation Corporations are created to maximize profit and minimize cost Corporations ar A striking and unhinging social commentary on the ruthless person legally that is the modern day corporation this book looks at the corruption behind those big bright names we ve come to know and trust as well as companies we ve come to The Cat Who Sang for the Birds (Cat Who... fear like Monsanto Like the hauntingilm of the same name The Corporation is sure to make both consumers and capitalists alike aware of the world around them Although this book and corresponding documentary was released back in 2004 it obviously is still massively relevant given the credit crunch and banking collapses of Bear Sterns Lehman Bros and RBS last year caused by putting corporate profit before all elseA corporation has only one goal to make a profit Tempting Faith Di Napoli for its shareholders Corporations using shareholders moneyor any other reason is actually against the law Companies who apparently are doing business or the benefit of others the 3rd world the environment are only doing so because it makes the company a profit It is a corporation s LEGAL reuirement to stop such activities when they start to become unprofitable Think about that the next time you see an advert or Exxon Mobile and their algae or The Southern Belles of Honeysuckle Way free drug donations by Pfizer to the 3rd worldLegally a corporation is treated as an individual which came about when trying to protect the shareholdersrom liability However this affords high ranking members of corporation s massive protection when it comes to legal
disputes as their decisions were taken with the profitability of the corporation in mind And because a corporation s only legalas their decisions were taken with the profitability of the corporation in mind And because a corporation s only legal is to make money those members of the board had no choice And who can be to blame when a company s actions causes untold harmCorporations are massively under regulated and the beginnings of corporations running public utilities such as water gas electricity is a rightening turn to take given how little control governments have over them It ironic that Corporations are legal a person because according to psychological definitions their Behaviour Self Centred Self Obsessed self centred self obsessed and pathological would be considered psychopathicIt s a powerful The Confident Woman: How to Take Charge and Recharge Your Life frightening book Corporations have psychopathic personalities That part was hilarious and insightful at the same time This is a brisk read and absolutely essentialor understanding the motivations and weaknesses of the world s most powerful institution the modern corporatio. Despite its lawed character rom legal constraints through deregulation and granted it ever greater authority over society through privatizationBut Bakan believes change is possible and he outlines a ar reaching program of achievable reforms through legal regulation and democratic controlFeaturing in depth interviews with such wide ranging igures as Nobel Prize winner Milton Friedman business guru Peter Drucker and cultural critic Noam Chomsky The Corporation is an extraordinary work that will educate and enlighten students CEOs whistle blowers power brokers pawns pundits and politicians ali. Er but at what cost Even if climate change is not a man made phenomena the pollution that is spewed into the air and the toxins that are pumped into our water supply are having a significant impact upon the world in which we live and to be honest with you it is unsustainable We may wonder if there has ever been a similar period in history like our own and my answer is that on one hand there hasn t been one but in another there has The period I point to is that of the mid to later Roman Empire where people were living such luxurious lives that they blinded themselves to the ecological destruction that they were causing It is not simply that either because inflation was running rampant and while the rich were getting richer the basic necessities of life were unreachable by the masses Rome ended up collapsing and with it creating a dark age of epic proportions and that is something that we are even now also looking at Psychopathic This book despite being a decade old now is still utterly damming in its analysis of the ruling institutions that dominate our society The act that when Bakan and others note of how in history corporations have lirted with authoritarian regimes is especially chilling especially the Plot to overthrow Roosevelt with a The Way of Women fascist dictator given today s political climate in AmericaI worry immenselyor our species sometimesThis book should make you worry as well Corporations 101 in the end the Frankenstein esue Corporation is still a legal entity created and maintained by lawsThe Good The documentary version has been my accessible yet critical intro or unpacking modern capitalism esp to watch in a group I decided to review the book version or details and a different pacepresentation style Ch1 The Corporation s Rise to Dominance Most people are uncomfortable with corporations but cannot imagine alternatives So let us start by examining how we got here to see the struggles and opportunities As the author is a law professor this The Dream of Water: A Memoir first chapter sets the stage the history of the corporationocusing on the large Anglo American publicly traded business that now dominates the modern economy 1 Emerging in the late 16th century joint stock companies drew concerns over Ponzi scheme speculation Classical economists worried about the separation of management directors managers The Bravest Cat! from ownership shareholders which differedrom business partnerships where ew wealthy owners pool resources and also manage 2 Joint stock companies gained acceptance rom being able to pool the resources reuired The Great Race for increasingly large scale projects during steam powered industrialization Eager to read Fossil Capital The Rise of Steam Power and the Roots of Global Warming3 19th century US railway construction by the robber barons established a national marketor company securities that included middle class investors 4 Mid 19th century saw enactment of Limited Liability to protect investors The Water in Between from the risk of company debt However publicly traded corporations were still rare5 1890s saw a drastic transformation New Jersey and Delaware changed state laws to attract corporations Corporations no longer needed narrowly defined purposes limited duration operate in particular locations controls on mergersacuisitions6 End of 19th century with growing diluted shareholders corporations were granted the status of legal personhood 1886 Supreme Court ruling confirmed 14th Amendment rightsor corporations7 Early 20th century mergers led to a public legitimacy crisis The corporate response was public relations to create the image of corporate human values Similarly the Great Depression prompted the image of corporate responsibility 8 The 1973 OPEC oil shock and stagflation led to the response of neoliberalism laws GATT WTO and technology transportation communication allowed corporate globalization to smash domestic labor Note technology is not neutral in its application America by Design Science Technology and the Rise of Corporate Capitalism Note connecting neoliberalism with Wall Street The Dawn Watch: Joseph Conrad in a Global World financialization and the collapse of Third World industrialization is crucial The Global Minotaur America the True Origins of the Financial Crisis and the Future of the World Economy The Darker Nations A People s History of the Third World Ch2 Business as Usual Useful examples of the conseuences of the corporate bottom line the best interest of the corporation principle where the shareholders are legally entitled to have their corporation run on maximizing profits above all else psychopathic self interest Thus Enron s Ponzi scheme is hardly the exception Also unpacking corporate philanthropy ex Pfizer the use of compartmentalization by human participants etc Ch3 The Externalizing Machine You cannot comprehend the totality of capitalism without understanding cost cutting externalitiesrom polluting the environment to unpaid reproductive labor to exploiting the cheapest labor globally to the social costs of insecure and inadeuate labor markets Capitalism is run on profit Thus to survive and succeed you must cut costs The neoclassical propagandized assumption is progressive innovations in technology and organization cut costs However in the real world it is often easiest to simply move the costs off your plate to make it
External Given The PowerGiven the power
*regulators and consumers will always be many steps behind in catching these hidden costs let alone addressing them Given *and consumers will always be many steps behind in catching these hidden costs let alone addressing them Given corporation s legal mandate to profit they are compelled to break regulatory laws because it is often cost effective the profits outweigh the risk of trivial ines For capitalism s assault on the planet see Facing the Anthropocene Fossil Capitalism and the Crisis of the Earth System Further corporations can collect extensive criminal records without scrutiny while shareholders and managers are
protected rom legal liability Ch4 Democracy Ltd One dollar one vote is not one person one vote and will silentlyfrom legal liability Ch4 Democracy Ltd One dollar one vote is not one person one vote and will silently the latter with liberal privatization or during crises smash the latter with The Color of My Words fascism Thus we read about capitalism s connections withascism 84, Charing Cross Road from doing bus. Nd societiesIn this revolutionary assessment of the history character and globalization of the modern business corporation Bakan backs his premise with theollowing observations The corporation’s legally defined mandate is to pursue relentlessly and without exception its own economic self interest regardless of the harmful conseuences it might cause to others 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 Governments have reed the corporation.