Those who support governmental control demand that the government have a seat in every corporate boardroom in America.

Question

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Supporters of the governmental control theory of corporate management believe that because corporate decision-making influences more individuals and groups than just the shareholders and the managers, corporate decisions should be made by an impartial group of corporate outsiders. Usually, the corporate outsiders named are government officials. These specially educated government officials would make corporate decisions in an objective manner, based on the needs of the entire society and the economy as a whole. Opponents of this theory label such an approach socialistic and point to the relatively poor record of many socialist economies as evidence of the impracticality of this approach.

Those Who Support Governmental Control Demand That the Government Have