Towards a Theory of Corporate and Financial Sector Solidarity | Rortybomb
july 2011 by Vaguery
"Speculation: There’s a critique of the regulators and key decision makers during the crisis that invokes cultural capital and the idea that regulators are socialized with Wall Street in a way that it is difficult for them to exercise any type of power over them, to see their interests in conflict. I wonder if the same is true for the corporate sector. As the firm goes global, and as the white-collar workforce is broken by computerization and globalization, more and more elite corporate positions will be filled by those leaving Wall Street. (Has this already happened? Data/Studies?) If so, you’ll see an even more lucrative revolving door between corporate elites and financial elites. As such, any natural checks to financial sector power coming from the corporate market space is less likely to happen."
its-the-unnatural-checks-that-will-be-interesting
banking
financial-crisis
public-policy
regulation
corporatism
financialzation
social-networks
cultural-assumptions
july 2011 by Vaguery
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