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If corporations are people, are they psychopathic people?
Joel Bakan’s book, The Corporation: The Pathological Pursuit of Power was written as a research project for the Mark Achbar film, The Corporation. The book studies the development and exercise of corporate power from its roots in the 16th century to today. It concludes that the corporation of today is legally constituted to act as a psychopath; relentlessly pursuing its goals of increased profits and higher return to investors without regard to any harm that pursuit does so long as it doesn’t hurt the corporation.
Is he right? If so, how could we revise the charter of businesses so they weigh citizenship and the common good along with their own self interests?