Journal Article

Corporate power and US economic and environmental policy, 1978–2008

Harland Prechel

in Cambridge Journal of Regions, Economy and Society

Published on behalf of Cambridge Political Economy Society

Volume 5, issue 3, pages 357-375
Published in print November 2012 | ISSN: 1752-1378
Published online March 2012 | e-ISSN: 1752-1386 | DOI: https://dx.doi.org/10.1093/cjres/rss002
Corporate power and US economic and environmental policy, 1978–2008

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The analysis here critically evaluates the ‘new corporate environmentalism’ and elaborates a relational theory of the state to explain policy formation in the US electrical energy industry. There are several findings. Firstly, corporations mobilize politically to advance their economic agendas and weaken environmental policy. Secondly, after state structures are created to enforce public policy, they provide the socio-political legitimacy for corporations to further advance their economic interests. Thirdly, in contrast to neoliberal claims, corporate–state relations during the era of re-regulation resulted in higher energy cost for consumers in several regions.

Keywords: environmental and economic policy; political capitalism; corporate–state relations; US electrical energy industry; L22; L43; L94; Q4

Journal Article.  11004 words.  Illustrated.

Subjects: Energy Economics ; Energy and Utilities ; Antitrust Issues and Policies ; Firm Objectives, Organization, and Behaviour

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