DEMOCRACY AND THE MODERN CORPORATION
In: The Western political quarterly: official journal of Western Political Science Association, Band 13, Heft 1, S. 45-56
ISSN: 0043-4078
The source of power in the modern corporation is undemocratic & its exercise with respect to stockholders & employees is autocratic. The effect on the general public in terms of econ performance is ambiguous. In some areas corporate actions are consistent with the public will, in others they are not. A key problem is the impact on concentration of econ power. The corporation had helped to create an economy of large power blocs, a condition inconsistent with what is meant by & required for a free enterprise economy & potentially inconsistent with pol'al democracy. It is therefore necessary to create or bolster those forces designed to chain the corporation to the tasks the public demands & to render the consequences of its actions consistent with contemporary soc, pol'al & econ ideals. IPSA.