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Robert Chernomas and Ian Hudson, "Why America Didn't Become Great Again" (Routledge, 2025)

New Books Network

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The Powell Memo: Catalyst for Corporate Influence

This chapter examines the historical impact of the Powell Memo on U.S. business interests and their response to political changes in the 1970s. It highlights how influential capitalists like the Koch brothers and Bill Gates shaped political dynamics, exacerbating inequality through their philanthropic practices. The discussion critiques the complicity of media and economists in perpetuating corporate power, emphasizing the need for a broader dialogue on the implications of wealth and politics.

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