The typical corporation:

From On a Clear Day you can see General Motors by J Patrick Wright - The "Damning" and "illuminating" (Saturday Review) insider report from back when "What's good for GM is good for America". These are examples from just ONE corporation:

(To dig up dirt on other corporations, check out this site.)

"Never once while I was in GM management did I hear substantial social concern raised about the impact of our business on America, its consumers, or the economy...When we should have been planning switches to smaller, more fuel-efficient, lighter cars...management refused because "we make more money on big cars."...It was typical. And what disturbed me is that it was indicative of fundamental problems with the system.

"GM certainly was no more irresponsible than many American businesses. But the fact that the "prototype" of the well-run American business...delivered decisions that which...were sometimes illegal, immoral or irresponsible is an indictment of the American business system." (p63)

According to conservative ideology, GM would have gone out of business. As of 1999 they haven't.

Back to index | Back to economics page