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Corporate Interests
Corporatocracy (, from corporate and el, -κρατία, translit=-kratía, lit=domination by; short form corpocracy) is an economic, political and judicial system controlled by corporations or corporate Interest group, interests. The concept has been used in explanations of bank bailouts, excessive pay for Chief Executive Officer, CEOs, as well as complaints such as the exploitation of national treasuries, people, and natural resources. It has been used by critics of globalization, sometimes in conjunction with criticism of the World Bank or unfair lending practices, as well as criticism of free trade agreements. Corporate rule is also a common theme in dystopian science-fiction media. Use of "corporatocracy" and similar ideas Historian Howard Zinn argues that during the Gilded Age in the United States, the U.S. government was acting exactly as Karl Marx described capitalist states: "pretending neutrality to maintain order, but serving the interests of the rich". According t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporatism
Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin ''corpus'', or "body". As originally conceived, and as enacted in fascist states in mid-20th century Europe, corporatism was meant to be an alternative to both free market economies and socialist economies. The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory. Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American vernacular and legal parlance; instead, the correct term for thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Power
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without losing revenue.Syverson, C. (2019). Macroeconomics and Market Power. The Journal of Economic Perspectives, 33(3), 23-43. https://doi.org/10.1257/jep.33.3.23 This indicates that the magnitude of market power is associated with the gap between P and MC at a firm's profit maximising level of output. Such propensities contradict perfectly competitive markets, where market participants have no market power, P = MC and firms earn zero economic profit. Market participants in perfectly competitive markets are consequently referred to as 'price takers', whereas market participants that exhibit market power are referred to as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Political Donations
The term corporate donation refers to any financial contribution made by a corporation to another organization that furthers the contributor's own objectives. Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States-based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying. Absent of disclosure requirements, charitable giving may be a form of corporate political influence undetected by voters and subsidized by taxpayers." Charitable donations Corporations give to charitable causes, either because of the personal convictions of influential leaders within the corporation, or more commonly to help establish the public perception that the corporation is a good corporate citizen. Types Corporate charitable giving can be divided into direct cash and non-cash con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Parties In The United States
American electoral politics have been dominated by two major political parties since shortly after the founding of the republic of the United States of America. Since the 1850s, the two have been the Democratic Party and the Republican Party—one of which has won every United States presidential election since 1852 and controlled the United States Congress since at least 1856. Despite keeping the same names, the two parties have both evolved in terms of ideologies, positions, and support bases over their long lifespans, in response to social, cultural, and economic developmentsthe Democratic Party being the left-of-center party since the time of the New Deal, and the Republican Party now being the right-of-center party. Political parties are not mentioned in the U.S. Constitution (which predates the party system). The two-party system is based on laws, party rules and custom. Several third parties also operate in the U.S., and from time to time elect someone to local offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Price Of Civilization
''The Price of Civilization: Reawakening American Virtue and Prosperity'' () is a book by economist Jeffrey Sachs. It was published by Random House on October 4, 2011 in the United States and by Bodley Head in the United Kingdom on October 6 of the same year. In the book, Sachs criticizes excessive lobbying, as well as a poor response by American government to globalization, and describes American politics as a corporatocracy in which "powerful corporate interest groups dominate the policy agenda." Sachs suggests that both political parties are right-of-center, and identifies four powerful lobbies: the military–industrial complex, the Wall Street–Washington complex, the Big Oil–transport–military complex and the health care industry. The book is 336 pages long. As described by Random House: the book is an "incisive diagnosis of our country’s economic ills but also an urgent call for Americans to restore the virtues of fairness, honesty, and foresight as the foundations o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Sachs
Jeffrey David Sachs () (born 5 November 1954) is an American economist, academic, public policy analyst, and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known for his work on sustainable development, economic development, and the fight to end poverty. Sachs is Director of the Center for Sustainable Development at Columbia University and President of the UN Sustainable Development Solutions Network. He is an SDG Advocate for United Nations (UN) Secretary-General António Guterres on the Sustainable Development Goals (SDGs), a set of 17 global goals adopted at a UN summit meeting in September 2015. From 2001 to 2018, Sachs served as Special Advisor to the UN Secretary General, and held the same position under the previous UN Secretary-General Ban Ki-moon and prior to 2016 a similar advisory position related to the earlier Millennium Development Goals (MDGs), [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elite
In political and sociological theory, the elite (french: élite, from la, eligere, to select or to sort out) are a small group of powerful people who hold a disproportionate amount of wealth, privilege, political power, or skill in a group. Defined by the ''Cambridge Dictionary'', the "elite" are "those people or organizations that are considered the best or most powerful compared to others of a similar type." American sociologist C. Wright Mills states that members of the elite accept their fellows' position of importance in society. "As a rule, 'they accept one another, understand one another, marry one another, tend to work, and to think, if not together at least alike'." It is a well-regulated existence where education plays a critical role. Universities in the US Youthful upper-class members attend prominent preparatory schools, which not only open doors to such elite universities as Harvard, Yale, Princeton, and the University of Pennsylvania, but also to the universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
C Wright Mills
Charles Wright Mills (August 28, 1916 – March 20, 1962) was an American sociologist, and a professor of sociology at Columbia University from 1946 until his death in 1962. Mills published widely in both popular and intellectual journals, and is remembered for several books, such as ''The Power Elite'', '' White Collar: The American Middle Classes'', and ''The Sociological Imagination''. Mills was concerned with the responsibilities of intellectuals in post–World War II society, and he advocated public and political engagement over disinterested observation. One of Mills's biographers, Daniel Geary, writes that Mills's writings had a "particularly significant impact on New Left social movements of the 1960s era." It was Mills who popularized the term ''New Left'' in the US in a 1960 open letter, "Letter to the New Left". Biography Early life C. Wright Mills was born in Waco, Texas, on August 28, 1916. His father, Charles Grover Mills, worked as an insurance broker; his mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Power Elite
''The Power Elite'' is a 1956 book by sociologist C. Wright Mills, in which Mills calls attention to the interwoven interests of the leaders of the military, corporate, and political elements of society and suggests that the ordinary citizen in modern times is a relatively powerless subject of manipulation by those three entities. Background The book is something of a counterpart of Mills' 1951 work, '' White Collar: The American Middle Classes'', which examines the then-growing role of middle managers in American society. A main inspiration for the book was Franz Leopold Neumann's book '' Behemoth: The Structure and Practice of National Socialism'' in 1942, a study of how Nazism came into a position of power in a democratic state like Germany. ''Behemoth'' had a major impact on Mills. Summary According to Mills, the eponymous "power elite" are those that occupy the dominant positions, in the three pillar institutions (state security, economic and political) of a domina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Nation
''The Nation'' is an American liberal biweekly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper that closed in 1865, after ratification of the Thirteenth Amendment to the United States Constitution. Thereafter, the magazine proceeded to a broader topic, ''The Nation''. An important collaborator of the new magazine was its Literary Editor Wendell Phillips Garrison, son of William. He had at his disposal his father's vast network of contacts. ''The Nation'' is published by its namesake owner, The Nation Company, L.P., at 520 8th Ave New York, NY 10018. It has news bureaus in Washington, D.C., London, and South Africa, with departments covering architecture, art, corporations, defense, environment, films, legal affairs, music, peace and disarmament, poetry, and the United Nations. Circulation peaked at 187,000 in 2006 but dropped to 145,0 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MarketWatch
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. History The company was conceived as DBC Online by Data Broadcasting Corp. in the fall of 1995. The marketwatch.com domain name was registered on July 30, 1997. The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News run by Larry Kramer and with Thom Calandra as editor-in-chief. In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief. In January 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $17 per share, the stock traded as high as $130 per share on its first day of trading, giving it a market capitalization of over $1 billion despite only $7 million in annual revenues. In June 2000, the company formed a j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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