# Quote — Joel Bakan, The Corporation

> Deregulation freed corporations from legal constraints, and privatization empowered them to govern areas of society from which they had been previously been excluded. By the end of the century, the corporation had become the world's dominant institution.
>
> Yet history humbles dominant institutions.

- Author: [Joel Bakan](https://www.leafyquotes.com/joel-bakan.md)
- Book: [The Corporation](https://www.leafyquotes.com/joel-bakan/the-corporation.md)
- Page: 139
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Joel_Bakan#The_Corporation:_The_Pathological_Pursuit_of_Profit_and_Power_(2004)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/joel-bakan/the-corporation/deregulation-freed-corporations

## More from this book

> 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.

p. 158 — [Quote page](https://www.leafyquotes.com/joel-bakan/the-corporation/the-corporation-is-not.md)

> 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.

p. 8 — [Quote page](https://www.leafyquotes.com/joel-bakan/the-corporation/the-genius-of-the.md)

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

p. 153 — [Quote page](https://www.leafyquotes.com/joel-bakan/the-corporation/the-corporation-was.md)