The Inner Circle: Large Corporations and the Rise of Business Political Activ

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The Inner Circle: Large Corporations and the Rise of Business Political Activity in the U.S. and U.K.
By Michael Useem
  



Publisher:  Oxford University Press, USA
Number Of Pages:  258
Publication Date:  1986-03-13
ISBN-10 / ASIN:  0195040333
ISBN-13 / EAN:  9780195040333


Product Description:

Driven by declining profits and government regulation, a new form of class-wide business leadership has emerged: a transcorporate network that is giving a new coherence and power to business in both America and Britain. This book delineates the \"inner circle\" of top executives who play a leading role in this network, advising the highest levels of government and working to promote a political environment favorable to all business.




Summary: Businessmen Unite!
Rating: 5

In the US and Great-Britain top officers of large corporations formed in the 1970s a semi-autonomous network which Michael Useem calls the 'Inner Circle'. It is a sort of institutionalized capitalism with a classwide alongside a corporate logic and permits a centralized mobilization of corporate resources.

This select group of business leaders assume a leading role in the support of political candidates, in consultations with the highest levels of the national administrations, in public defense of the free enterprise system and in the governance of foundations and universities.
One of its main goals is the promotion of a better political climate for big business through philanthropy (image building via generous support of cultural programs), issue (not product) advertising and political financing.

The reasons behind the constitution of this 'Inner Circle' were the declining power of the individual companies and declining profitability together with, more specifically in GB, the threat of labor socialism (nationalizations and worker participation in corporate governance) and in the US, government intervention.
A main issue was also the desire to control the power of the media, which in the US were considered far too liberal.

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