Assistant Professor of Sociology
Affiliated Faculty, Center for the Study of Democratic Institutions
Has economic globalization created a transnational capitalist class and how does this influence the political cohesion of the U.S. capitalist class?
The extent to which business is able to act in a unified manner on political issues has long been central to questions of power structure and the functioning of democracy. One of the most well documented mechanisms facilitating collective political action by businesses is the phenomenon of interlocking directorates. The emergence of a transnational inter-corporate network created by overlapping members of directorates between firms domiciled in different nations raises questions regarding global class formation.
In my research, I find firms that are highly embedded in the transnational inter-corporate network engage more in globally oriented political behavior than less connected firms. This suggests that network ties between large multinational corporations facilitate class formation among a segment of the global business community. Furthermore, I find evidence of a transnational business influence on U.S. elections.