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The Political Power of the Business Corporation

Author

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  • Stephen Wilks

Abstract

The large business corporation has become a governing institution in national and global politics. This trail-blazing book offers a critical account of its political dominance and lack of democratic legitimacy. Thanks to successful wealth generation and ideological victories the large business corporation has become an effective political actor and has entered into partnership with government in the design of public policy and delivery of public services. Stephen Wilks argues that governmental and corporate elites have transformed British politics to create a ‘new corporate state’ with similar patterns in the USA, in competitor economies – including China – and in global governance. The argument embraces multinational corporations, corporate social responsibility, corporate governance and the inequality generated by corporate dominance.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Stephen Wilks, 2013. "The Political Power of the Business Corporation," Books, Edward Elgar Publishing, number 14186.
    • Handle: RePEc:elg:eebook:14186
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    Citations

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    Cited by:

    1. Rosalind Sharpe & David Barling, 2019. "‘The right thing to do’: ethical motives in the interpretation of social sustainability in the UK’s conventional food supply," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 36(2), pages 329-340, June.
    2. Tianke Zhu & Jian Jin & Xigang Zhu, 2021. "China’s “Embedded Neoliberal” Home-Based Elderly Care? A State-Organised System of Neighbourhood Governance," Sustainability, MDPI, vol. 13(24), pages 1-24, December.
    3. Paster, Thomas, 2015. "Bringing power back in: A review of the literature on the role of business in welfare state politics," MPIfG Discussion Paper 15/3, Max Planck Institute for the Study of Societies.
    4. John Gerard Ruggie, 2018. "Multinationals as global institution: Power, authority and relative autonomy," Regulation & Governance, John Wiley & Sons, vol. 12(3), pages 317-333, September.
    5. Marina M. Lebedeva & Maxim V. Kharkevich, 2018. "The Role of Business in Transforming the Political Organization of the World," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 11(1).
    6. Paul Almond & Judith van Erp, 2020. "Regulation and governance versus criminology: Disciplinary divides, intersections, and opportunities," Regulation & Governance, John Wiley & Sons, vol. 14(2), pages 167-183, April.
    7. Peter Söderbaum, 2021. "The Challenge of Sustainable Development: From Technocracy to Democracy-Oriented Political Economics," Economic Thought, World Economics Association, vol. 10(1), pages 1-13, July.
    8. Stephen McBride, 2016. "Constitutionalizing Austerity: Taking the Public out of Public Policy," Global Policy, London School of Economics and Political Science, vol. 7(1), pages 5-14, February.
    9. Mark Hyde & Silvia Borzutzky, 2015. "Chile's “Neoliberal” Retirement System? Concentration, Competition, and Economic Predation in “Private” Pensions," Poverty & Public Policy, John Wiley & Sons, vol. 7(2), pages 123-157, June.
    10. Ainsley Elbra & John Mikler & Hannah Murphy‐Gregory, 2023. "The Big Four and corporate tax governance: From global dis‐harmony to national regulatory incrementalism," Global Policy, London School of Economics and Political Science, vol. 14(1), pages 72-83, February.
    11. Bimal Arora & Arno Kourula & Robert Phillips, 2020. "Emerging Paradigms of Corporate Social Responsibility, Regulation, and Governance: Introduction to the Thematic Symposium," Journal of Business Ethics, Springer, vol. 162(2), pages 265-268, March.
    12. Ainsley Elbra, 2020. "Fool’s Gold: Business Power and the Evolution of the Conflict‐free Gold Standard," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 336-346, May.
    13. Krichewsky, Damien, 2014. "The socially responsible company as a strategic second-order observer: An Indian case," MPIfG Discussion Paper 14/10, Max Planck Institute for the Study of Societies.
    14. Andrea Felicetti, 2018. "A Deliberative Case for Democracy in Firms," Journal of Business Ethics, Springer, vol. 150(3), pages 803-814, July.
    15. Ainsley Elbra & John Mikler, 2017. "Paying a ‘Fair Share’: Multinational Corporations’ Perspectives on Taxation," Global Policy, London School of Economics and Political Science, vol. 8(2), pages 181-190, May.
    16. Lockwood, Matthew & Mitchell, Catherine & Hoggett, Richard, 2020. "Incumbent lobbying as a barrier to forward-looking regulation: The case of demand-side response in the GB capacity market for electricity," Energy Policy, Elsevier, vol. 140(C).
    17. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.

    Book Chapters

    The following chapters of this book are listed in IDEAS

    More about this item

    Keywords

    Business and Management; Economics and Finance; Politics and Public Policy;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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