essay1_corporation_1st_draft revised

essay1_corporation_1st_draft revised - 1 The Rising Power...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
The Rising Power of Corporations Since corporations first emerged in the late sixteenth century, their economic power has been continually increasing until today. Gradually their influence has increased and they currently dominate the entire economic society as well as people’s lives. Unfortunately, at the turn of the twentieth century, society and governments started becoming enraged and frightened by these business giants. This paranoia stemmed from the fact that many corporations were merging and becoming massive. In the chapter, “The Corporation’s Rise to Dominance,” Bakan retells the history of corporations to illustrate how they rose to the unprecedented position of clout they are in today. I agree with Bakan’s assessment that the economic power of corporations has been growing dramatically, but negatively. Despite bad sentiments on the behalf of the public, corporations have risen to dominance in modern society. Good social relations with the public, the new trends of globalization, and technological innovations have all helped in aiding corporations to acquire the tremendous power they have today. Corporations have built a close social relationship with society by improving worker relations and branding their selves as friendly and neighborly. At the turn of the twentieth century worker relations were extremely poor. The wages as well as the working conditions were atrocious. Bakan states that ill sentiments from the public, combined with battle weary veterans returning from World War I demanding better treatment sparked the trend of New Capitalism. The main objective of New Capitalism was to show that the government need not interfere with the corporations’ affairs (Bakan, 2004, pp. 18). This greatly helped corporations to strengthen their worker management relations on top of slightly smoothing things over with the public. For now, it was more 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
like a privilege, having benefits and somewhat of a say in matters that affected them. In
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/25/2011 for the course ENG 310 taught by Professor Staff during the Spring '11 term at S.F. State.

Page1 / 4

essay1_corporation_1st_draft revised - 1 The Rising Power...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online