I am surprised and a little disappointed to see this classified as a business book. Indeed the most useful business lesson here seems to be that one can gain wealth and notoriety by preying on people's insecurities by blaming a 'boogie man'.
Corporations don't dump chemicals in rivers, transfer jobs to lower paying jurisdictions or promote gender inequality -people do.
If we want to change and improve our society we must focus on changing attitudes and educating people, not blaming a concept - or trying to argue that the concept is flawed.
Many of the organizations that seek to change the world, religious, environmental, charitable, all incorporate for the same reasons that businesses do. And many make mistakes, and occasionally act unethically from time to time.
The flaws are not in the corporation, but in human behaviour. The corporation is simply a convenient scapegoat.