This quote has to do with the establishment of corporate legitimacy c.1870. The Corporation was recognized to have the same rights as the individual without the responsibilities of the individual. It is power without responsibility which is moral illiteracy. Not enough can be said about this since it is the basis of the rape of the people by the global transnational corporatocracy. Mussolini said Fascism would better be called Corporatism, the state run by the corporations which cannot be held accountable at an individual level. Everone there just has a job.