By leveraging their freedom from the bonds of location, corporations could now dictate the economic policy of… — Joel Bakan

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.

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.

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