The Fracturing of the American Corporate Elite by Mark S. Mizruchi

No critic rating

Waiting for minimum critic reviews

See 1 Critic Review

An expert in sociology and organizational methods challenges the view that business has too much influence on government.
-Kirkus

Synopsis

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.

 

About Mark S. Mizruchi

See more books from this Author
Mark S. Mizruchi is Barger Family Professor of Organizational Studies and Professor of Sociology and Business Administration at the University of Michigan.Author's home: West Bloomfield, MI
 
Published May 7, 2013 by Harvard University Press. 384 pages
Genres: Business & Economics, History, Political & Social Sciences, Education & Reference. Non-fiction
Add Critic Review

Critic reviews for The Fracturing of the American Corporate Elite
All: 1 | Positive: 1 | Negative: 0

Kirkus

Good
on Feb 27 2013

An expert in sociology and organizational methods challenges the view that business has too much influence on government.

Read Full Review of The Fracturing of the America... | See more reviews from Kirkus

Rate this book!

Add Review
×