Chapter 4: Corporate power in the UK: the rise of the corporate elite
The three earlier chapters dealt broadly with the origins of corporate power in a relatively abstract fashion. The next four chapters turn the emphasis towards the exercise of corporate power and focus in Chapters 4, 5 and 6 mainly on the UK. They examine the factors that have consolidated corporate power since the 1980s and how that power has been exercised through the influence of a corporate elite. The discussion moves on to examine the ways in which corporate power moulds public policy and produces distinctive distributional outcomes. The focus on the UK tries not to be too parochial and draws on comparative material where space allows. It also has a broader relevance in defining a model of corporate capitalism which serves as an example and perhaps a warning to other states. The UK has been a capitalist market pioneer and offers a prototype of an emerging form of corporate state in which partnerships between government and corporations, and between corporate and political elites, dictate political choices. In fact the influence travels beyond other national market economies to affect governance at the international level.
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