CHANGING CORPORATE STRATEGIES IN THE UNITED STATES OF AMERICA 1. Corporate power and institutional responses Corporate strategies reï¬ect corporate structure, conduct, and performance. Currently corporate structure is becoming more consolidated and global, corporate conduct more focused on rising share prices, and corporate performance more proï¬table. The strategies that result give priority to structural mergers and acquisitions, operating mobility, and production cost minimization. These trends make labour and communities insecure, unstable, and poorer, as corporations abandon long-term commitments to and investments in their traditional workforces and locations. In America today real wages are falling, jobs are becoming more contingent and without health and pension beneï¬ts, median family incomes are declining, and income inequality is rising.1 And communities are ï¬nding it harder to provide infrastructure, public places, good schools, and safe neighbourhoods. The modern business corporation arguably has enjoyed economic and political hegemony in the United States since its inception in the early part of the last century; to be precise, you might say, since Tom Scott wrested control of the Pennsylvania Railroad from its shareholders in the 1870s.2 During and after the American Civil War big business ï¬ourished, in large measure thanks to generous government subsidies coupled with a
Journal of Law and Society – Wiley
Published: Mar 1, 1997
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera