The Growth of Power Corporations in different economic systems Essay
The Growth of Power Corporations in different economic systems, 487 words essay example
Essay Topic: power, economic
The face of power debate was initiated by Dahls study of governance in the United States. According to his study, three key areas were identified and the study focused on determining which of the areas could successfully initiate procedures and make decisions. However, it is important to note that in the traditional power relationships scope, the civil society had no major role (Leary, Tsui & Ruch, 2012, p. 6). This is because the governments of the day saw such organizations as a threat to their throne and therefore ensured that they did not succeed. Additionally, the corporations did not craft a path of their own towards success because their operations were majorly influenced by the ruling ilk (Chaco, 2013).
The relationship between the corporations and the society was not transparent. As such, the business organizations major focus was on profit maximization and did not take into consideration the consumer demands. Therefore, the business organizations conducted their operations and were not obligated to give back to the society through development projects since their primary objective was profit maximizations while minimizing the costs of production (Rosenblum, & Post, 2007).
Growth of Power Corporations
Following the liberation of most economies, there has been enormous increase in the activities among companies. Trade has been revolutionized and expansion through the creation of subsidiaries has set the benchmark for the operations of most organizations. Another breakthrough has been in the form of globalization. Corporations from around the globe have created a large pool of market and this has led to a massive increase in the revenues being earned from the sales (Roach, 2007, p. 15).
Today, the corporations provide more employment opportunities that government. Unlike the economic recession of the 1990s, the United States economy and that of other developing nations has been on an upward spiral over the years. it is also imperative to reject the notion that the American economy is represents a pure form of capitalism. Additionally, the major motivating factor for all organizations is to earn extra profit and ensure that all there is corporate growth within an economy (Iankova, 2007, p. 13).
There are various forms of economic systems such as capitalism, communism and socialism. Capitalism refers to economies where the means of production and distributions are privately held and minimal government intervention. In socialism, the means of production and distribution are jointly held and goods and services are equitably distributed. Communism is a type of economic system whereby all goods are communally owned. In such economies, people do not work for wages but give according to their ability. Finally, the mixed economies have a combination of both capitalism and socialism (Leary, Tsui & Ruch, 2012, p. 12).
The corporate sector has grown significantly over the years in various forms. The continuous growth has been manifested in various forms. With the massive growth, the corporate sector has continued to gain massive power (Roach, 2007, p. 2). Forms of corporate growth have been in form of monopolies, oligopolies, conglomerates, multinational corporations and