Postwar American capitalism embedded corporations in stabilizing labor institutions

Evidence

The GM pattern is the iconic story of the United States in the twentieth century, before globalization, neoliberalism, the shareholder-value movement, and plutocracy unraveled the public corporation and the institutions of the double movement. Those institutions rationalized GM’s employment policies with fair labor practices, unionization, and collective bargaining, emblematic of stable reciprocities during the pre-globalization decades of the twentieth century. — Shoshana Zuboff, The Age of Surveillance Capitalism, 1590

Categorization

• DEFINE: Concrete illustration of what the double movement and ‘stable reciprocities’ mean institutionally.
• XREF: connects to: Corporate outsourcing and CEO pay inflation stem from neoliberal theory, not efficiency — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 175; A distinct managerial class merged government and corporate power within capitalism — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 902; US public corporations employed under half their 1970 American workforce by 2000 — Shoshana Zuboff, The Age of Surveillance Capitalism, 129 (+2 more)

Broader Connections

• A distinct managerial class merged government and corporate power within capitalism #expands (0.78) — Yanis Varoufakis, Technofeudalism, 902