Bank control of large corporations in the United States
This book is concerned with economic power in the United States, but it does not focus on any individual person or corporation. Starting from the assumption that the giant corporation is the central economic institution in modern US capitalism, it explores the question, what group in US society holds predominant power over the giant corporation. The thesis presented is that bankers have re-emerged, after a period of partial eclipse during the Great Depression and World War II, as the major group that controls large corporations. This dominant group, of course, does not include the small-town banker; rather, it is restricted to a small number of giant, well-established banks, principally in New York City, and secondarily in Pittsburgh, Chicago, Cleveland, and a few other major cities. The power held by the leading bankers should be of concern to economists, anti-trusters, and anyone else interested in the concentration of economic power in present-day capitalism. Most of the analysis centers on the levers of power which banks and other financial institutions hold over large corporations.
- OSTI ID:
- 5775236
- Country of Publication:
- United States
- Language:
- English
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