Corporatism And Corporations

Findlay, C., & Warren, T. (Eds.). (2013). Impediments to Trade in Services: Measurements and Policy Implications. Routledge.

(Doc. E) Throughout this timer period corporations were able to undermine and exploit the political power of the government.

Several political changes occurred due to the influential writings of Ray Stannard Baker and other muckrakers. Progressivism took a suitable combination of political, social, and technological political factors, working in vast ways. The muckraking magazines are a newly created national press and stimulated the progressive movement. Nowadays, television has become a major reason why elections have become prohibitively expensive and "soft money" a major problem. “Although the charge of "corporatism" in the progressive era overstates the influence of business on progressive legislation, national corporations during the progressive era accepted some controls in the interest of stability (the meat packers and the Meat Inspection Act, for example,

Corporations make America the money-hungry place that is critiqued worldwide. Without the major corporations we see today, like Walmart, Target, and Mcdonald’s, 27 million people would be unemployed and they are very well aware of that (Zillman, Claire). If these giants embody what is wrong in America, why should they have the right to contribute to the candidate they want to help elect? The CEOs of these companies have personal interests they want to protect. These individuals have earned money on the backs of the 27 million people, we should be protecting Main Street, not Wall Street. The Federal Election Commission should reserve the right to limit and close the checkbooks of the people that believe they can buy anything they wish.

There has been a lot of fuss over big business influencing the government in the United States lately. Now there is no doubt that the business elite have some influence on politics. It can even be traced back to the early 1900’s, when “the People’s Party had disintegrated, but many writers and activists have continued to echo the Populists’ central thesis: that the U.S. democratic political system is in fact dominated by business elites” (). Although there are countless arguments to go against this idea, the questions still comes up today: Is government dominated by big business? Political Scientist G. William Domhoff believes that government is dominated by big business. More specifically, Domhoff believes that owners and top-level managers in income-producing properties are not only dominant power figures in the US, but they also have inordinate influence in the federal government (). Another political scientist however, Sheldon Kamieniecki, believes otherwise. He states that businesses do not really get involved in policies that affect them; and even when they do, their success rate at influencing policies is not consistent. In fact, he believes that other factions have more influence on government policies ().

Chapter six of Kerbo discusses the upper class. Chapter seven of Kerbo discusses the corporate class. Both chapters show how the the upper class and corporate class can influence each other.

Capitalism is good. In reading the articles, it seems scholars are either pro or anti-capitalism. The corporate American model of capitalism is built upon free enterprise and encourages competition. It’s also called the Liberal/Social Democratic model. Our economy, supposedly, encourages and rewards competition and equality. Yet the lack of competition and equality in our economy are issues scholars take aim at the most. George (2013) wrote in his editorial, “In the United States, income inequality has escalated since the 1970s while millions of workers and their families are suffering the devastation of long-term unemployment or work that is insecure and unstable….That is, the tenets of American corporate capitalism (ACC) might be in contradiction to compassionate organizing. ACC is an ideology that emphasizes, among other things, the pursuit of self-interest, competition, market exchange, consumerism, and using a profit/loss criterion to make decisions in organizations (George, J. 2013).” I’m pro-capitalism and I understand the views of those who are anti-capitalism.

In my opinion Progressive Reformers were motivated by the working class, political corruption, and monopolies. Progressivism in its early stages allied with the working class to oppose big business and their poor working conditions. In the late 1890’s working conditions for the average working American were appalling. The average person worked long hours for very little pay and this caused the need for multiple family members to be employed. Progressives sought reform in the form of unions that would fight for the working rights of the working class. Companies responded to unionizing by seeking out politicians and putting them on their payroll to stop unions. During the Gilded Age, political corruption was common practice of big business.

Perkins primary message is to show the collusion between government and corporatism that illustrates the mass-corruption of the government as a grave danger to the liberty of the average American citizen, or global citizen for that matter. In this manner, the concept of “corporatism” defines the unbridled greed and profiteering that Perkin’s defines through the context of U.S. imperialism and privatized corporate and banking institutions that control these economic factors in the global economy.

Gerald F. Davis author of The Vanishing American Corporation defines a corporation is a “group of people trying to do business together” (Davis 7). Corporations are easy to create and destroy. In a review of chapter one Corporations around the world on page fourteen cover The Corporation in America. According to the chapter, if shares what was good for General Motors (GM) is what is good for the country, and vice versa meant the health of the economy largest corporations are tied. According to Davis “after WW II, the most major corporations were the economy” (Davis 14).

This essay seeks to discuss William Domhoff's views concerning the relationship between the corporate power elite and the government in a liberal capitalist society. To be able to properly illustrate who rules America, how it is governed and who wins in the end, the essay will provide key concepts. After the concepts have been provided, the essay will explain six arguments that William Domhoff makes with respect to the corporate power elite and the government and how they impact the working class. Firstly, in order to understand the claims that Domhoff makes, it is essential to understand the terms “power” as well as the indicators of power that are used to determine who holds or wields it.

Key to corporations was securing the trust of individuals, this was accomplished by having independent think tanks financed by the wealthy elites in the United States began to promote and publish doctrines based on neoliberalist principles to sway the public opinion into blinded obedience (Harvey 2007). Thus, in one swoop all expert systems of society were infiltrated and ideologically brainwashed into following the trend of neoliberalism. Furthermore, there are two domestic methods in which corporations and subscribers to the neoliberalist theory can accumulate capital. Firstly, privatization, in areas such as public utilities: telecommunications or water, social welfare programs, and even public institutions are privatized at some level,

Catalonia Royal would have Conventional Corporation ownership. Having this form of ownership will protect the owner and all who work with the restaurant from losing their personal assets by having limited liability. Even though double taxation occurs with having C Corporation ownership, I will be able to become a shareholder which will benefit me in the long run by allowing me to reinvest profits in the company with having lower corporate tax rate.

When big corporations, like G.E (General Electric) get in trouble they are hardly punished and given a fine, but someone who is a person of color commits a crime they are severely punished. when the person comes out of jail and commits another crime they are punished even longer, yet if he or she come out again and commits another crime; they are under the “three-strikes and you’re out” rule and are now sentenced to life in prison. While G.E has committed multiply violations, they are not under the “three- strike you’re out” rule, no one in the company gets punished or sentence to life in prison instead they are being asked to pay a fine (193). Also, big corporations tend to donate money to candidates in federal election that way they can

Since, if anyone should have the power to impose taxes and make expenditures to promote social objectives, it shouldn’t be corporations but the government, as they have the resources and knowledge to make these kinds of decisions that could potentially have an impact on all our lives. Friedman argues, “Business professionals have neither the power nor possibly even the knowledge necessary to address larger societal problems, even if they wanted to” (Friedman, Milton. 1970). An example he refers to is the fact that business professionals are not in a position to fight inflation, where factors, such as money supply and aggregate demand need to be considered. Overall it is investing governmental power in a person who has no general mandate to govern and why should we allow unelected companies to determine our social values and to take over the role of elected government.