It may be hard to believe in an era of Walmart, Citizens United,
and the Koch brothers, but corporations are on the decline. The
number of American companies listed on the stock market dropped by
half between 1996 and 2012. In recent years we’ve seen some of the
most storied corporations go bankrupt (General Motors, Chrysler,
Eastman Kodak) or disappear entirely (Bethlehem Steel, Lehman
Gerald Davis argues this is a root cause of... more...