Personal-capital firms formed an organization defending owners against state and unions

Evidence

The AIECP represented companies based on personal capital (“the company based on personal capital is, in all the professions, the one where the Chief, the “Owner” works at the same time with his money, with his brain and often, with its hands”), and as such its goal was to defend the owner-businessmen, heirs or founders of small and medium companies, against the intrusion of the state and the interference of trade unions. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 290

Categorization

  • DEFINE: Defines ‘company based on personal capital’ — the AIECP’s organizing category, distinct from managerial firms.
  • corroborated: 2 independent passages support this claim — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 290
  • XREF: connects to: Business elites organized against labor via church infiltration after World War II — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1446; American business anti-union factions recruited MPS economists for legitimacy — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 967

Broader Connections