Unless the power of the corporation can be organized on an accepted principle of legitimacy, it will...be taken over by a Central government... -- The Future of Industrial Man (1942)
About this quote
- What does it mean?
- Without legitimate organization, corporate power will be seized by central government.
- In plain terms
- Illegitimate corporate power invites government takeover.
- What can you take from it?
- Legitimize corporate authority to prevent state capture.
Where it applies
Putting it to work
Questions to consider
- When is government takeover justified?
- How can corporations maintain legitimacy without over‑regulation?
Another view
Government intervention can also be a protective measure against corporate abuse.
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