Rickover's final testimony to congress
in 1982 speaks about this:
Corporate Power A preoccupation with the so-called bottom line of profit and loss statements, coupled with a lust for expansion, is creating an environment in which fewer businessmen honor traditional values; where responsibility is increasingly disassociated from the the exercise of power; where skill in financial manipulation is valued more than actual knowledge and experience in the business; where attention and effort is directed mostly to short-term considerations, regardless of longer-range consequences.
Political and economic power is increasingly being concentrated among a few large corporations and their officers - power they can apply against society, government and individuals. Through their control of vast resources, these large corporations have become, in effect, another branch of government. They often exercise the power of government, but without the checks and balances inherent in our democratic system.
With their ability to dispense money, officials of large corporations may often exercise greater power to influence society than elected or appointed government officials - but without assuming any of the responsibilities and without being subject to public scrutiny. Woodrow Wilson warned that economic concentration could ''give to a few men a control over the economic life of the country which they might abuse to the undoing of millions of men.'' His stated purposes was: ''to square every process of our national life again with the standards we so proudly set up at the beginning and have always carried in our hearts.'' His comments are apropos today.
Summary: https://www.worldfuturefund.org/Articles/rickover.html Full testimony: https://www.jec.senate.gov/reports/97th%20Congress/Economics...