In the developed world, corporations dominate the marketplace, comprising 50%[citation needed] or more of all businesses. Those businesses which are not corporations contain the same bureaucratic structure of corporations, but there is usually a sole owner or group of owners who are liable to bankruptcy and criminal charges relating to their business. Corporations have limited liability.[citation needed]
Corporations are usually called public entities or publicly traded entities when parts of their business can be bought in the form of shares on the stock market. This is done as a way of raising capital to finance the investments of the corporation. The shareholders appoint the executives of the corporation, who are the ones running the corporation via a hierarchical chain of power, where the bulk of investor decisions are made at the top and have effects on those beneath them.
Criticismsedit
Corporate capitalism has been criticized for the amount of power and influence corporations and large business interest groups have over government policy, including the policies of regulatory agencies and influencing political campaigns. Many social scientists have criticized corporations for failing to act in the interests of the people, and their existence seems to circumvent the principles of democracy, which assumes equal power relations between individuals in a society.[1]
Dwight D. Eisenhower criticized the notion of the confluence of corporate power and de facto fascism,[2] but nevertheless brought attention to the "conjunction of an immense military establishment and a large arms industry"[3] in his 1961 Farewell Address to the Nation, and stressed "the need to maintain balance in and among national programs—balance between the private and the public economy, balance between cost and hoped for advantage".[3]
^Bakan, Joel (writer). "The Corporation (2003)" (documentary).
^Ira Chernus (1997). "Eisenhower's Ideology in World War II". Armed Forces & Society. 23(4): 595–613.
^ ab. coursesa.matrix.msu.edu. Archived from the original on August 12, 2013. Retrieved September 3, 2015.
External linksedit
Vitali, Stefania; Glattfelder, James B.; Battiston, Stefano (October 26, 2011). Montoya, Alejandro Raul Hernandez (ed.). "The Network of Global Corporate Control". PLOS ONE. 6 (10). Public Library of Science (PLoS): e25995. arXiv:1107.5728. Bibcode:2011PLoSO...625995V. doi:10.1371/journal.pone.0025995. ISSN 1932-6203. PMC3202517. PMID 22046252.
"Revealed – the capitalist network that runs the world". New Scientist. Retrieved August 17, 2017.
April 27, 2024
corporate, capitalism, confused, with, corporatism, corporatocracy, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, . Not to be confused with Corporatism or Corporatocracy This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Corporate capitalism news newspapers books scholar JSTOR December 2023 Learn how and when to remove this template message In social science and economics corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations Contents 1 Overview 2 Criticisms 3 See also 4 References 5 External linksOverview editIn the developed world corporations dominate the marketplace comprising 50 citation needed or more of all businesses Those businesses which are not corporations contain the same bureaucratic structure of corporations but there is usually a sole owner or group of owners who are liable to bankruptcy and criminal charges relating to their business Corporations have limited liability citation needed Corporations are usually called public entities or publicly traded entities when parts of their business can be bought in the form of shares on the stock market This is done as a way of raising capital to finance the investments of the corporation The shareholders appoint the executives of the corporation who are the ones running the corporation via a hierarchical chain of power where the bulk of investor decisions are made at the top and have effects on those beneath them Criticisms editCorporate capitalism has been criticized for the amount of power and influence corporations and large business interest groups have over government policy including the policies of regulatory agencies and influencing political campaigns Many social scientists have criticized corporations for failing to act in the interests of the people and their existence seems to circumvent the principles of democracy which assumes equal power relations between individuals in a society 1 Dwight D Eisenhower criticized the notion of the confluence of corporate power and de facto fascism 2 but nevertheless brought attention to the conjunction of an immense military establishment and a large arms industry 3 in his 1961 Farewell Address to the Nation and stressed the need to maintain balance in and among national programs balance between the private and the public economy balance between cost and hoped for advantage 3 See also editCapitalist mode of production Capitalist state Corporation Corporatocracy Criticism of capitalismReferences edit Bakan Joel writer The Corporation 2003 documentary Ira Chernus 1997 Eisenhower s Ideology in World War II Armed Forces amp Society 23 4 595 613 a b Military Industrial Complex Speech Dwight D Eisenhower 1961 coursesa matrix msu edu Archived from the original on August 12 2013 Retrieved September 3 2015 External links editVitali Stefania Glattfelder James B Battiston Stefano October 26 2011 Montoya Alejandro Raul Hernandez ed The Network of Global Corporate Control PLOS ONE 6 10 Public Library of Science PLoS e25995 arXiv 1107 5728 Bibcode 2011PLoSO 625995V doi 10 1371 journal pone 0025995 ISSN 1932 6203 PMC 3202517 PMID 22046252 Revealed the capitalist network that runs the world New Scientist Retrieved August 17 2017 Retrieved from https en wikipedia org w index php title Corporate capitalism amp oldid 1192329718 Corporate power, wikipedia, wiki, book, books, library,
