Joel Bakan quotes:

Dodge v. Ford still stands for the legal principal that managers and directors have a legal duty to put the shareholders' interests above all others and no legal authority to serve any other interests - what has come to be known as "the best interests of the corporation" principal.

As the corporation's size and power grew, so did the need to assuage people's fears of it. The corporation suffered its first full-blown legitimacy crisis in the wake of the early-twentieth-century merger movement, when, for the first time, many Americans realized that corporations, now turned behemoths, threatened to overwhelm their social institutions and governments.

By leveraging their freedom from the bonds of location, corporations could now dictate the economic policy of governments.

A century and a half after its birth, the modern business corporation, an artificial person made in the image of a human psychopath, now is seeking to remake real people in its image.

Corporations now govern society, perhaps more than governments themselves do; yet ironically, it is their very power, much of which they have gained through economic globalization, that makes them vulnerable.

Quotes from the Underground is a remarkable resource and must-read for writers, researchers, activists and indeed anyone who embraces progressive values and hopes to rescue politics from corporate control.

The corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool for advancing social and economic policy.

As institutional psychopaths, corporations are wont to remove obstacles that get into their way.

The problem with capitalism is that "we have a global theology without morality, without a Bible." And that's dangerous, he warns - "we're not going to be able to exist in a global context if we are the bastards of our business.

The corporation, like the psychopathic personality it resembles, is programmed to exploit others for profit.

The corporation was originally conceived as a public institution whose purpose was to serve national interests and advance the public good.

The notion that business and government are and should be partners is ubiquitous, unremarkable, and repeated like a mantra by leaders in both domains. It seems a compelling and innocuous idea - until you think about what it really means.

As a psychopathic creature, the corporation can neither recognize nor act upon moral reasons to refrain from harming others.

Goodwin has done the seemingly impossible-he has made economics comprehensible and funny.

The whole difficulty I think that that we're facing now is the question of who is going to ensure that corporations are accountable. The problem with leaving it to activists and non-governmental organizations-even with the tool of the Internet at their disposal-is that those organizations and those people don't have the legal right to compel corporations to disclose information, and that is something that governments can do.

I think Google's founders are both a couple of guys with some high ideals which have been to some degree reflected in the way the company has been run in terms of its having a very good workplace and good employee programs, and now that they're going public they want in some ways to be able to ensure that that kind of approach continues. So they've effectively put in place this notion of "Don't Be Evil".

These are the elements of an emerging order that may prove to be as dangerous as any fundamentalism that history has produced. For in a world where anything or anyone can be owned, manipulated, and exploited for profit, everything and everyone will be.

The genius of the corporation as a business form, and the reason for its remarkable rise over the last three centuries , was - and is - its capacity to combine the capital, and thus the economic power, of unlimited numbers of people.

Governments can can send inspectors to companies. Governments can put legal requirements in place to disclose information that consumers and workers and other interested people need. Non-governmental organizations don't have that legal power and to me, that's what imposes substantial limitiations on how far we can go with trying to keep corporations accountable though non-governmental measures.