The above quotation says in full: “We must recognize the social responsibilities of corporations and the corporation must use its ownership of assets to reflect the best interests of the people. If we don’t, they will take away our ownership.” This was said in the context of a foreign investment by an American corporation, with the fear, and thus the concern, that failing to act responsibly in that foreign land could lead to the nationalization of that investment and thus the loss of control over ownership of that investment. These words, while directed to foreign investment, could also be reasonably seen as applying to domestic corporate investment, as well, because corporations, as artificial constructs of the state, should always have a responsibility to serve the good interests of the people, or else they are on some level exploiting those people, and should thereby be sanctioned. As for the personage who stated this viewpoint, it was none other than Nelson Rockefeller, the grandson of the oil baron John D. Rockefeller, Sr., and thus it should be seen as the opinion of someone who knew business, knew what power and influence mega-corporations have, and how they use it.
Regrettably, we seem to live in a day and age in which corporate power has never been stronger, and that far too many corporations seem hell-bent on making as much profit as possible while also paying as little in taxes, which is not the type of combination that makes for a good corporate citizen, which is why this government, which appears to have been captured for the benefit of corporate interests, needs to realign itself to its Constitutional mission to promote the general welfare of the people, as contrasted to promoting and favoring the general welfare of corporations, instead.
Each of us as a citizen is responsible to the laws of the land, and when we violate the law, we are subject to penalties, including the lost of our freedom. It seems that when it comes to corporate malfeasance, be that in the sense of contracts which have been set aside to favored corporations, to environmental damage and pollution, as well as to how labor is mistreated and underpaid, that corporations seem to be in far too many cases above the law, as if the law as exercised when it comes specifically to corporations, favors those corporations, and thus makes the general public to have to carry more of the burden regarding the welfare of the people, even though corporations are well positioned to readily do more to be of benefit to the people, but instead concentrate overly upon corporate profit and bonuses, which are typically structured to favor those in the highest positions within those corporations and thus is not fairly distributed to all those that have done their part to contribute to that corporation.
This nation therefore needs to comprehend that robust guardrails need to be put into place on these mega-corporations to make sure and to verify that the people are receiving something of tangible benefit from the privileges so bestowed upon corporations, or else things must change to protect the people, for as it stands, corporations could do and ought to do a lot more to serve the people, rather than lording it over them, and unfairly not doing their part to be a responsible corporate citizen