ABSTRACT
Frederick’s forthright assessment is rather poignant because he is a supporter and proponent of business, not one of its critics. The bill of particulars he enumerated does not even mention the serious accusations brought by those who see contemporary business organizations as all-powerful corrupters of political democracy and masters of an unjust international order (e.g., Korten, 1995, 1999; Luttwak, 1999; Mokhiber & Weissman, 1999; Soros, 2000). But one would have to be in serious psychological denial to fail to appreciate the enormous positive contributions made by modern business institutions.
