Bribery and corruption were inherent in this type of corporate model because the local managers sought to avoid close supervision by the Courts of Governors, politicians, and Prime Ministers.
[2] Legal Scholar and Professor of Law at the University of British Columbia Joel Bakan describes the modern corporate entity as 'an institutional psychopath' and a 'psychopathic creature.'
Also in the film, Robert A. G. Monks, a former Republican Party candidate for Senate from Maine, says: The corporation is an externalizing machine (moving its operating costs to external organizations and people), in the same way that a shark is a killing machine.Writing for the American socialist publication Jacobin, writer and sociologist Nicole Aschoff attributes the "unscrupulous" and "sometimes deadly" behavior of corporations to the "elevation of profit above all else," which she says is "a defining feature of capitalism."
She adds that "the catalog of the ethical and moral crimes of corporations is impressive": Coca-Cola killed trade unionists in Latin America.
One may recall Adam Smith's critique of the "joint stock companies" of his day, particularly if management is granted a degree of independence; and his attitude toward the inherent corruption of private power, probably a "conspiracy against the public" when businessmen meet for lunch, in his acid view, let alone when they form collectivist legal entities and alliances among them, with extraordinary rights granted, backed, and enhanced by state power.Chomsky contends that corporations transfer policy decisions out of the hands of the people and into corporate boardrooms, where public oversight is limited.
"[10] Around the middle of the 20th century, the economist John Kenneth Galbraith noted that the corporate businesses which foreign visitors came to see and marvel at, as "showpiece[s] of American industrial achievement," were the very same ones that government attorneys scrutinized in their search for monopolistic wrongdoing.