Critically analyze the arguments against corporate power in Joel Essay

Critically analyze the arguments against corporate power in Joel Bakans book (The Corporation) - Essay Example akan’s famous book â€Å"The Corporation† vividly visualizes these negative demeanors of the corporations and suggests the ways and means to have tighter control over them, mainly to make them to engage in more corporate social responsibility activities. This research essay reviews the above book and details the Bakan’s important critiques and suggestions to make the corporations around the world to be law-abiding citizens. Joel Bakan’s book â€Å" the Corporation â€Å" is a book about the corporate form of business , it salient features as of today , the manner it functions and the impact it has on people and also deals with the so-called corporate social responsibility, and it brings to the front core about various corporate frauds and malpractices together its insulting demeanor. Joel Bakan argues that corporations are facilitated by law to work for their interests than that for others, thereby exploiting others without least respect for moral turpitude or legal frameworks. The so-called doctrine Corporate Social Responsibility (CSR) in the majority of the cases functions to camouflage its true identity or color thereby discarding public interest and enriching self-interest. Bakan is of the opinion that corporations which function as institution , which have the self-drafted mandate to work for its own self-interest and hence , these corporations are nothing but pathological organization, and they are now regarded as the most dangerous organization toothed with extraordinary powers through laws. In Chapter 1, Bakan is of the view that recent corporate scandals like Enron, WorldCom, Tyco, Satyam, etc. is not a new phenomenon, but it existed from the inception of corporate form of business. People now started to concern about the mammoth size of multinational companies, and the authority that these companies veil on the gullible public which has made a concomitant demand of introducing harsher regulations to control and manage these corporations. Bakan