“The broadening of the economic order which came to be seated in the individual property owner… dramatized by Jefferson's purchase of the Louisiana Territory… "The supremacy of corporate economic power… consolidated by the Supreme Court decision of 1886 which declared that the Fourteenth Amendment protected the corporation… [the New Deal, leading to], within the political arena, as well as in the corporate world itself, competing centers of power that challenged those of the corporate directors.”

— C. Wright Mills , book The Power Elite

Source: The Power Elite (1956), P. 270-272; key shifts in power relations which Mills contends have brought us to the current state.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The broadening of the economic order which came to be seated in the individual property owner… dramatized by Jefferson'…" by C. Wright Mills?

C. Wright Mills 55

American sociologist 1916–1962

Related quotes

“The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation… The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 357 (1967, p. 313)

“The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.”

Alex Carey (1922–1988) Australian psychologist

Source: Taking the Risk Out of Democracy: Corporate Propaganda versus Freedom and Liberty (1995), p. 18

“In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated "oil crisis" in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…”

C. Wright Mills (1916–1962) American sociologist

Character & Social Structure (1954).
1950s

“The property owner who invests in a modern corporation so far surrenders his wealth to those in control of the corporation that he has exchanged the position of independent owner for one in which he may become merely recipient of the wages of capital… [Such owners] have surrendered the right that the corporation should be operated in their sole interest…”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 355

Norman Thomas (1884–1968) American Presbyterian minister and socialist

Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933-1939, Wolfgang Schivelbusch, (2006) Metropolitan Books, pp. 28-29.

“According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 4, The World Bank and Woman's Rights, p. 67

“By 1890, the corporate form had assume its modern guise. The managers and owners of corporations along with the actors in the courts, states, and federal government had helped develop sufficient law and precedence to protect the corporation from almost any attack.”

Neil Fligstein (1951) American sociologist

Source: The transformation of corporate control, 1993, p. 55

“If those in charge of our society — politicians, corporate executives, and owners of press and television — can dominate our ideas, they will be secure in their power.”

Howard Zinn (1922–2010) author and historian

Declarations of Independence: Cross-Examining American Ideology (1991): "American Ideology" http://www.thirdworldtraveler.com/Zinn/AmericanIdeology_DI.html
Context: If those in charge of our society — politicians, corporate executives, and owners of press and television — can dominate our ideas, they will be secure in their power. They will not need soldiers patrolling the streets. We will control ourselves.

“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.”

Dominic Cadbury (1940) British businessman and member of the Cadbury chocolate manufacturing dynasty

UK, Commission Report: Corporate Governance (1992).

“Do Christian Republicans not understand the fundamental ways in which an unfettered corporate capitalism betrays Christ’s ethical vision and their own economic well-being?”

Curtis White (1951) American academic

"The spirit of disobedience: an invitation to resistance"

Help us to complete the source, original and additional information

C. Wright Mills 55

Related quotes

Related topics