Smith 1-5 Flashcards
Slapped businesses on the ass for putting up with Govts. anti-business laws. Political power is necessary (lobbying) it must be used aggressively and w/ determination.
The Powell Manifesto
Republicans as well as democrats favored stronger regulation of business and industry to protet consumers and workers from the excesses of american capitalism.
The Bipartisan Consensus
Ralph Nader was for everyday consumers. His consumer bill hit a republican brick wall. Couldn’t even sway newly elected democrats due to extensive lobbying.
Target # 1
Organized labor (unions) fought for better treatment with Democrats in office but businesses became fed with the bs so they K0ed income equality.
Target # 2
Peaceful Army, Martin Luther King brought about the civil rights act and the voting rights act through this huge event. (and black boycotts of white goods)
MLK/March on Washington
Consumer organizations aim for better quality of life and protection from extortion. Led by Nader, his targetting of GM led to a bunch of vehicle related acts.
Nader’s Raiders vs. GM
The workers from GM decide not to go on strike again (led by Reuther) in exchange for better pay and organized pay raises.
GM & the treaty of detroit.
Rich were taxed like mofos. Incomes were most connected, rise in rich income = rise in poor income
The Great Compression
loved to hop into companies and this method cut the workforce down to the bare minimum to increase its worth.
Al Dunlap/Predatory Capitalism
Big Companies that layed off the most people
The Hit Men
Everyone wants to be part of the top percentile. CEOs get paid too much because their pay is handled by other CEOs
The Lake Wobegon Syndrome
Short term profits, Structured layoffs are the status quo
The New CEO Mind-set
