Michael Lind, Profit, Power, and Purpose: Rethinking the Modern Corporation, The Hedgehog Review, Fall 2023.
Lind opens with an interesting review of the history of the corporation as a way of organizing business activity, pointed out, among other things, that the modern corporation is a product of the mid-19th century. Then:
The greatest challenge presented by modern corporations, small as well as large, involves purpose—specifically, the alignment of their activities with one or another public purpose. In premodern corporations, this alignment was inescapable. A chartered turnpike monopoly existed to build and operate a ...
