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Business as a System of Power (Hardcover)
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Business as a System of Power (Hardcover)
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Business as a System of Power was the direct product of extensive
and continuing study of the rise of bureaucratic centralism. The
project was begun in 1934, and resulted a decade later in this
volume, arguably the most important work in comparative and
historical economics to emerge in the World War Two period. Indeed,
Brady's theorems such as the bureaucratic authoritarian model of
development, became a touchstone for the study of Third World
economies.Brady saw the direction of business moving in a variety
of directions: from the totalitarian model set by fascism with its
highly centralized approach to special interests, profit making and
policy made in the interests of those who rule; and the alternative
democratic model set by the democracies of the West, which expound
the latitude of direct public participation in decision-making and
social organization of the economy as a whole. Brady does not
indulge in cheap conspiracy theory. Rather he sees the business
classes worldwide as possessing a collective mind, but not a
collective will. In this setting the business civilization itself
is at stake.The volume offers a fascinating study of German Nazism,
Italian fascism and Japanese militarism as a series of policies
rather than historical inevitabilities. But the work is also a
foreboding and a warning to democratic varieties of capitalism. As
business becomes increasingly global in character, unbound by
national interests or democratic aims, it also becomes more
rational in its own terms. Its drive for maximizing profits with
scant regard to what may be less cost effective, but more open to
popular control or participation, becomes transparent. Brady
provides a remarkably prescient, albeit controversial, study of
trends in Western democracy and big business. Robert S. Lynd, in
his Preface, writes, "Brady cuts through to the central problem
disrupting our worldaa world-wide counter-revolution against
democracy." More than a half century later, in his outstanding
review of the life and career of Robert Brady, Douglas Dowd points
to the same lessons: economic inequities, economic globalization
and political concentration of power. "In such a world, the counsel
of a Brady never loses its vitality."Robert A. Brady was professor
of economics at Columbia University, and author of The
Rationalization Movement in German Industry; The Spirit and
Structure of German Fascism; and The Scientific Revolution in
Industry. Douglas F. Dowd was professor of economics at Johns
Hopkins University and author of a number of important books on
economics, including Modern Economic Problems in Historic
Perspective.
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