[lbo-talk] Question from La Botz interview on Behind the News

martin mschiller at pobox.com
Mon Dec 1 10:53:39 PST 2008


On Dec 1, 2008, at 10:27 AM, Doug Henwood wrote:


>> I've been misunderstanding you then. It seemed as though you were
>> minimizing the importance of the system - that it was about
>> prestige, and monetary perks and socializing rather than retaining
>> power.
>
> How'd you get that from this?
>
>> Board interlocks, these days, are about the creation of a corporate
>> elite, a reciprocal exercise of power and mutual inflation of
>> prestige (plus some cash and some nice perks).
>

I guess because you seemed to be limiting your study to the meat entities that compose the system, rather than the system per se and it's function.

martin



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