The Fracturing of the American Corporate Elite / Mark S. Mizruchi.
Mizruchi, Mark S., author.
2013
HD2785 .M574 2013eb
Available Online

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Title The Fracturing of the American Corporate Elite / Mark S. Mizruchi.
Author Mizruchi, Mark S., author.
ISBN 9780674075368
DOI https://doi.org/10.4159/harvard.9780674075368
Published Cambridge, MA : Harvard University Press, [2013]
Copyright ©2013
Language English
Language Note In English.
Description 1 online resource (379 p.) : 6 graphs, 3 tables
Other Standard Identifiers 10.4159/harvard.9780674075368 doi
Call Number HD2785 .M574 2013eb
Dewey Decimal Classification 322/.30973
Summary In the aftermath of a financial crisis marked by bank-friendly bailouts and loosening campaign finance restrictions, a chorus of critics warns that business leaders have too much influence over American politics. Mark Mizruchi worries about the ways they exert too little. The Fracturing of the American Corporate Elite advances the surprising argument that American CEOs, seemingly more powerful today than ever, have abrogated the key leadership role they once played in addressing national challenges, with grave consequences for American society. Following World War II, American business leaders observed an ethic of civic responsibility and enlightened self-interest. Steering a course of moderation and pragmatism, they accepted the legitimacy of organized labor and federal regulation of the economy and offered support, sometimes actively, as Congress passed legislation to build the interstate highway system, reduce discrimination in hiring, and provide a safety net for the elderly and needy. In the 1970s, however, faced with inflation, foreign competition, and growing public criticism, corporate leaders became increasingly confrontational with labor and government. As they succeeded in taming their opponents, business leaders paradoxically undermined their ability to act collectively. The acquisition wave of the 1980s created further pressures to focus on shareholder value and short-term gain rather than long-term problems facing their country. Today's corporate elite is a fragmented, ineffectual group that is unwilling to tackle the big issues, despite unprecedented wealth and political clout. Mizruchi's sobering assessment of the dissolution of America's business class helps explain the polarization and gridlock that stifle U.S. politics.
Access Note Access limited to authorized users.
System Details Note Mode of access: Internet via World Wide Web.
Digital File Characteristics text file PDF
Source of Description Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
In E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013
E-BOOK PACKAGE HISTORY, POLITICAL SCIENCE, SOCIOLOGY 2013
E-BOOK PAKET GESCHICHTE, POLITIKWISS., SOZIOLOGIE 2013
HUP eBook-Package Backlist 2000-2013 (Canada)
Harvard University Press eBook Package Backlist 2000-2013
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Frontmatter
Contents
Acronyms
Preface
1 Introduction
2 The Rise of the American Corporate Elite
3 The State and the Economy
4 Labor as Uneasy Partner
5 The Banks as Mediators
6 The Breakdown of the Postwar Consensus
7 Winning the War but Losing the Battle:
8 The Aftermath
9 The Ineffectual Elite
Notes
References
Index

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