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The New Entrepreneurial Advocacy - Silicon Valley Elites in American Politics (Hardcover)
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The New Entrepreneurial Advocacy - Silicon Valley Elites in American Politics (Hardcover)
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The role of business in American politics has provoked much
controversy and attention over recent years. One need look no
further than the Koch brothers or the Trump administration to get
an idea of the extent to which the interests of private business
wield influence over the political system. Contemporary evidence of
the clear and growing disparities in wealth between ordinary
citizens and business elites has drawn new attention to this topic.
Recently, the canon on the activities of business elites in
politics has also grown as we have learned a great deal about how
business firms and their ultra-wealthy leaders and investors seek
to exert political influence. This book looks at one form of
business elite activity that has thus far received little
attention, despite the high-profile political efforts of
billionaire businesspeople including Bill Gates, Elon Musk, and
Mark Zuckerberg: a phenomenon that Darren R. Halpin and Anthony J.
Nownes call new entrepreneurial advocacy. This "entrepreneurial
advocacy" is a mode of political engagement in which wealthy
entrepreneurs (often from Silicon Valley) use their vast resources
to form new organizations that advocate for their vision of the
social good, which may or may not be directly linked to their
private or business interests. While previous studies focus on a
cross section of either the wealthiest Americans or the largest
firms in the United States, this book takes a deep-dive into the
political activities of a single, yet pivotal, cohort-the founders
and CEOs of Silicon Valley firms. Specifically, the authors trace
the development of new entrepreneurial advocacy to understand its
extent, its breadth, and whose interests they represent, who
supports them financially, and why business elites choose to create
new organizations to engage in advocacy rather than do so under the
umbrellas of their companies. Crucially, the authors also look at
the impact of these organizations and what their activity means for
American democracy. Leveraging a vast range of unique datasets,
from political donations and lobbying to philanthropic giving and
social media commentary, this book examines the role of this
important set of elites in contemporary American political life.
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