Venkat on the life and death of the corporation

In “A Brief History of the Corporation: 1600-2100,” Venkat examines the 3 phases of the corporate form: maximum power (years 1600-1800), maximum reach (1800-1980), and slow death (1980 and afterward). Strikingly  he writes,

The Age of Corporations is coming to an end. The traditional corporation won’t vanish, but it will cease to be the center of gravity of economic life in another generation or two.  They will live on as religious institutions do today, as weakened ghosts of more vital institutions from centuries ago.

It follows that the concept of a career will likewise become obsolete.

 

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