31 quotes
Payments made to, or extorted by, a corrupt bureaucracy can enable a socially chaotic system to function.
Bribery and Extortion in World Business with Peter Nehemkis and Richard Eells (1977)
An institution is likely to be more searchingly appraised if attention is focused at the outset upon its faults rather than its virtues.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
At the end of 1968, the United States contained about 1.6 million active, profit-seeking corporations and about 200 million people—one corporation for each 126 persons.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
During the recent nineteen-year period from 1950 to 1969, corporate profits, both before and after taxes, formed a shrinking proportion of the national income.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
Corporate business owns about 28 percent of the tangible wealth of the United States, and its share has not changed much during the past fifty years.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
During the war years, the United States government gave serious thought to acquiring a direct interest in Arabian [oil] reserves.
Multinational Oil: A Study in Industrial Dynamics (1974)
Private business investment is inherently superior to governmental aid as an instrument of development because it combines transfers of managerial and technical assistance with that of capital.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
Of the hundred largest industrial corporations in 1909, only thirty-six remained on this list in 1948. And, of the top hundred companies in 1948, only sixty-five continued to hold this ranking in 1968.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
The basic flaw in the distribution of political power among American economic institutions is that producer interests rather than consumer interests tend to dominate and shape the actions of government.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
Motivated partly by the decision to convert its navy from coal to oil, the British government ultimately acquired a major interest in what was then the only oil-producing company in the Middle East.
Multinational Oil: A Study in Industrial Dynamics (1974)
Because exporting and importing nations have conflicting goals, and the interests of individual countries within each group are not identical, United Nations efforts to regulate the industry have not been successful.
Multinational Oil: A Study in Industrial Dynamics (1974)
Modern management science has made it feasible for corporations to expand the scope and variety of their operations. It has created new economies of scale through which larger aggregations of men, materials, and funds can be efficiently deployed and controlled over larger areas.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
Because some conglomerate, and other, mergers have proved to be unsound and failed. It has been proposed that government should prohibit such mergers. But there is no feasible way to identify bad mergers in advanced; only time and the test of market competition reveal them.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
The Soviet Union, as might be expected, conducted a ceaseless campaign to persuade the less-developed countries to nationalize their petroleum industries, by deprecating the record of private oil enterprises and extolling the virtues of governmental petroleum monopolies.
Multinational Oil: A Study in Industrial Dynamics (1974)
Markets work most efficiently and the economy of a country develops best when the price and merits of products and services are the criteria that determine buying and selling—not secret payments to well-placed politicians and government employees.
Bribery and Extortion in World Business with Peter Nehemkis and Richard Eells (1977)
Political payments by multinational companies in foreign nations have long been a pervasive practice; but a cultural taboo against discussion of the subject, combined with a lack of public information, has created a vacuum in public understanding.
Bribery and Extortion in World Business with Peter Nehemkis and Richard Eells (1977)
Internal corruption grows out of the very nature of the communist economies—chronic shortages of consumer goods, their poor quality, the interminable delays in obtaining service and repairs, a centralized planning system that decides what people should wear or consume, whether they like the product or not.
Bribery and Extortion in World Business with Peter Nehemkis and Richard Eells (1977)
The American credo is one of faith in institutional pluralism and of mistrust of large size and concentrated power, political or economic. The growth of giant institutions has always been viewed with apprehension, even though it has been for the most part the natural product of rising populations and income, and of technological changes that created economies of larger scale.
Corporate Power and Social Responsibility: A Blueprint for the Future (1973)
Before World War II, the United States Gulf and the Caribbean were the foreign world’s primary sources of crude oil. Eastern Hemisphere consumption was relatively small and yet its crude oil production supplied less than half of its petroleum needs.
Multinational Oil: A Study in Industrial Dynamics (1974)
The postwar burgeoning of oil enterprises throughout the world wrought important changes in the structure of the foreign oil industry. Competitors multiplied, concentration of the industry was reduced, and the market positions of the ‘seven largest’ companies shrank.
Multinational Oil: A Study in Industrial Dynamics (1974)