Corporate outsourcing and CEO pay inflation stem from neoliberal theory, not efficiency
Evidence
Thus the modern āreengineering of the corporationā (reduced vertical integration, outsourcing supply chains, outrageous recompense for top officers) is itself an artifact of the neoliberal reconceptualization of the corporation. ā Philip Mirowski, Never Let a Serious Crisis Go to Waste, 175
Categorization
- SEED: Angle for an essay: corporate āreengineeringā and financialization as ideology-made-flesh rather than management science ā the boardroom as the front line of the neoliberal thought collective.
- XREF: connects to: Marginal-productivity explanations of executive pay are tautological and misattribute organizational outcomes ā Ken-Hou Lin & Donald Tomaskovic-Devey, Financialization and U.S. Incomeā¦, 175; Stock-based executive pay widened CEO-worker income gaps. ā Gerald F. Davis & Suntae Kim, Financialization of the Economy, 56; Agency theory, not financial economics, legitimized executive stock-option compensation ā Donald MacKenzie, An Engine, Not a Camera: How Financialā¦, 1174 (+5 more)
Broader Connections
- Neoliberal-corporate relations defy both independence and instrumentality framings
#expands(0.85) ā Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont PĆØlerin, 31 - Neoliberal entrepreneurship rhetoric masks a reality of collective corporate effort
#corroborates(0.80) ā Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 306 - Postwar American capitalism embedded corporations in stabilizing labor institutions
#qualifies(0.75) ā Shoshana Zuboff, The Age of Surveillance Capitalism, 1590