The Powell Memo

But the thing that affects business most today is government. The interrelationship of business with business is no longer so important as the interrelationship of business with government. In the last several years, that has become very apparent to us. Despite electoral setbacks, the liberalism of the Great Society had surprising political momentum. [ 2 ] Business must learn the lesson. .. ” “ They recognized that business had hardly begun to tap its potential for wielding political power. Not only were the financial resources at the disposal of business leaders unrivaled. The organizational counterattack of business in the 1970s was swift and sweeping [ 5 ] Business was galvanized by more than perceived government overreach. [ 6 ]

The Powell Memo: Previous 1 2 Its budget tripled. The National Federation of Independent Business ( NFIB ) doubled its membership between 1970 and 1979. Of course, big business fought back as well. [ 8 ] n’t know before. “ ” [ 11 ] Money was key here: A decade later, the share was below one-fifth. [ 12 ] [ 13 ] National Journal, 1974, 14. 2. 3. Lewis Powell, “ , Invisible Hands: ( New York: Norton, 1984 ), 114. 5. 8. 6. 7. Ibid., 198. 8. ( Pantheon: New York, 2000 ), 121. 9. ( New York: 10. 8 SimonandSchuster.com.

’s “ hands-off business ” philosophy. * No thoughtful person can question that the American economic system is under broad attack. Rather, the assault on the enterprise system is broadly based and consistently pursued. ’ These young men despise the American political and economic system... and he is ” American business The role of the National Chamber of Commerce is therefore vital. “ — What Can Be Done About the Campus This should be a continuing program. Graduate Schools of Business Their success, often at business ’ expense, has not been inconsequential. — at least in public — of those who attack his corporation and the system. ” The threat to the enterprise system is not merely a matter of economics. This was entitled “