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from Brown Corpus
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corporations now outmoded
Perhaps the public's present attitude toward business stems from the fact that the `` rugged capitalist entrepreneur '' no more exists in America.
In his stead is a milquetoast version known as `` the corporation ''.
But even if we cannot see the repulsive characteristics in this new image of America, foreigners can ; ;
and our loss of `` prestige '' abroad is the direct result.
No amount of ballyhoo will cover up the sordid facts.
If we want respect from ourselves or others, we will have to earn it.
First, let us realize that whatever good this set-up achieved in earlier times, now the corporation per se cannot take economic leadership.
Businesses must develop as a result of the ideas, energies and ambitions of an individual having purpose and comprehensive ability within one mind.
When we `` forced '' individuals to assume the corporate structure by means of taxes and other legal statutes, we adopted what I would term `` pseudo-capitalism '' and so took a major step toward socialism.
The biggest loss, of course, was the individual's lessened desire and ability to give his services to the growth of his company and our economy.
Socialism, I grant, has a definite place in our society.
But let us not complain of the evils of capitalism by referring to a form that is not truly capitalistic.
Some forms of capitalism do indeed work -- superb organizations, a credit to any society.
But the pseudo-capitalism which dictates our whole economy as well as our politics and social life, will not stand close scrutiny.
Its pretense to operate in the public interest is little more than a sham.
It serves only its own stockholders and poorly at that.
As a creative enterprise, its abilities are primarily in `` swallowing '' creative enterprises developed outside its own organization ( an ability made possible by us, and almost mandatory ).
As to benefits to employees, it is notorious for its callous disregard except where it depends on them for services.

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