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Corporate Power and Canadian Capitalism

Corporate Power and Canadian Capitalism

by William K Carroll

Published by: University of British Columbia Press

Imprint: UBC Press

302 Pages, 152.00 × 229.00 mm

Hardcover
9780774802468
Published: January 1986

£69.00

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#34;-//IETF//DTD HTML 2.0//EN"><p>Challenging standard dependency theory, William Carroll argues fromempirical evidence that Canada's financial-industrial elite havemaintained and consolidated their competitive position at the centre ofan inter-corporate network. Corporate Power and Canadian Capitalismthus acknowledges the unusually high degree to which capital isconcentrated in a relatively few giant corporations in Canada, but itdenies that these commercial interests are subordinated to Americancorporate capital.</p> <p>To test the validity of this new perspective on the transformationof indigenous capitalists into a national bourgeoisie, Carroll tracesthe accumulation of capital in the largest Canadian corporations andthe institutional relations that have existed among the same firmssince World War II. Instead of selling out to foreign capital, Canadianfirms have in fact become increasingly interlocked, andCanadian-controlled firms have been and continue to be the focus ofboth the industrial and financial sectors, with foreign-controlledcompanies occupying decidedly peripheral positions.</p> <p>From this interpretative position, Canada's development is seenas markedly similar to that of other advanced capitalist countries,culminating in consolidation of control under an elite accompanied bothby penetration of foreign economies by domestic financial capitalistsand a concomitant penetration of the domestic economy by foreigncapital.</p> </div> </div> <div id="tab-2" class="tabs__panel tabs__panel--content" style="display: none"> <div class="tabs__content"> <!DOCTYPE html PUBLIC "-//IETF//DTD HTML 2.0//EN"><html><head><meta name="generator" content="HTML Tidy, see www.w3.org"><title>

List of Figures

List of Tables

Acknowledgments

Preface

1. The Thesis of Canadian Dependency

2. Rethinking Canadian Dependency

3. Monopoly Capitalism and Canadian Finance Capital

4. The Accumulation of Monopoly Capital, 1946-1976

5. Patterns of Corporate Interlocking, 1946-1976

6. Continuity and Change in the Interlock Network, 1946-1976

7. The Consolidation of Canadian Finance Capital, 1946-1985

8. Conclusion: Canadian Capital in the Era of Imperialism

Appendix 1. Sampling, Measurement, and Data ManagementProcedures

Appendix 2. Sources of Data on Domestic and Foreign Ownership andControl

Appendix 3. Corporations in the "Top 100," 1946-1976

Notes

Bibliography

Index