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.
More from C. Wright Mills
[T]the market is sovereign and in the magic economy of the small entrepreneur there is no authoritarian center: in the political sphere: the equilibrium of pow…
Permalink to quote #15 The American elite does not have any real image of peace - other than as an uneasy interlude existing precariously by virtue of the balance of mutual fright. T…
Permalink to quote #17 The economy - once a great scatter of small productive units in autonomous balance, has become dominated by two or three hundred giant corporations, administra…
Permalink to quote #14