“the modern corporation shows that production can be organized on a large scale over time and space, bringing together thousands of workers in pheonomenally productive cooperation. But these institutions are nonetheless run by and for a small group of owners and managers whose social role is peripheral or even harmful to the institution’s proper running.”

Need to add the perspective of my non-GED-having friend who worked for DART, who said he believes public corporations are a social bad.

In general I would like to promote the voices of normal workers over the g.d. HBR, Atlantic, NYT, and every other outlet that seems to not give a sh__ what normal people have to say — unless they first got a PhD before rejecting bourgeois life.

LBO News from Doug Henwood

Back in 2009, Justin Fox, then of Time magazine, published a book called The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. I interviewed him about it on my radio show in June of that year. It’s a pretty good book, but at the time, I thought it bore an uncanny resemblance to some of the arguments I made in my book Wall Street, published by Verso in 1997. (Verso let it go out of print, so it’s now available for free download at that link.) With the publication of the book, Fox went on to become editorial director of the Harvard Business Review (HBR).

My feeling of uncanny resemblance has just gotten a strong booster dose with the publication of an article that Fox co-wrote with Harvard business prof Jay Lorsch, “What Good Are Shareholders?” In Wall Street, 

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Argonaut: someone engaged in a dangerous but potentially rewarding adventure.
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