For faster navigation, this Iframe is preloading the Wikiwand page for Corporate capitalism.

Corporate capitalism

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 message)

In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations.

Overview

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.

Criticisms

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]

See also

References

  1. ^ Bakan, Joel (writer). "The Corporation (2003)" (documentary).
  2. ^ Ira Chernus (1997). "Eisenhower's Ideology in World War II". Armed Forces & Society. 23(4): 595–613.
  3. ^ 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.
{{bottomLinkPreText}} {{bottomLinkText}}
Corporate capitalism
Listen to this article

This browser is not supported by Wikiwand :(
Wikiwand requires a browser with modern capabilities in order to provide you with the best reading experience.
Please download and use one of the following browsers:

This article was just edited, click to reload
This article has been deleted on Wikipedia (Why?)

Back to homepage

Please click Add in the dialog above
Please click Allow in the top-left corner,
then click Install Now in the dialog
Please click Open in the download dialog,
then click Install
Please click the "Downloads" icon in the Safari toolbar, open the first download in the list,
then click Install
{{::$root.activation.text}}

Install Wikiwand

Install on Chrome Install on Firefox
Don't forget to rate us

Tell your friends about Wikiwand!

Gmail Facebook Twitter Link

Enjoying Wikiwand?

Tell your friends and spread the love:
Share on Gmail Share on Facebook Share on Twitter Share on Buffer

Our magic isn't perfect

You can help our automatic cover photo selection by reporting an unsuitable photo.

This photo is visually disturbing This photo is not a good choice

Thank you for helping!


Your input will affect cover photo selection, along with input from other users.

X

Get ready for Wikiwand 2.0 🎉! the new version arrives on September 1st! Don't want to wait?