Edmond S. Bradley

 The advantages of the corporate form — limited liability and raising capital — have been known for as long as mankind has had the technology to produce useful things whose production is too expensive for a single investor to handle.

What free-marketeers don't always make explicit is that the government and media Chicken Littles are right in part: Corporations are indeed out to make a profit. Of this point we must first observe the first lesson of business economics, as taught by the classical school markets in the 18th century. The institutions of the market channel questionable motivations to a social end.