Corporate Power and Canadian Capitalism,Used

Corporate Power and Canadian Capitalism,Used

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SKU: SONG0774802464
Brand: University of British Columbia Press
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Challenging standard dependency theory, William Carroll argues from empirical evidence that Canada's financialindustrial elite have maintained and consolidated their competitive position at the centre of an intercorporate network. Corporate Power and Canadian Capitalism thus acknowledges the unusually high degree to which capital is concentrated in a relatively few giant corporations in Canada, but it denies that these commercial interests are subordinated to American corporate capital.To test the validity of this new perspective on the transformation of indigenous capitalists into a national bourgeoisie, Carroll traces the accumulation of capital in the largest Canadian corporations and the institutional relations that have existed among the same firms since World War II. Instead of selling out to foreign capital, Canadian firms have in fact become increasingly interlocked, and Canadiancontrolled firms have been and continue to be the focus of both the industrial and financial sectors, with foreigncontrolled companies occupying decidedly peripheral positions.From this interpretative position, Canada's development is seen as markedly similar to that of other advanced capitalist countries, culminating in consolidation of control under an elite accompanied both by penetration of foreign economies by domestic financial capitalists and a concomitant penetration of the domestic economy by foreign capital.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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