Volume 3 Issue 1 2018


Sabir Michael
Faculty of Social Sciences, SZABIST, Karachi.

Abstract This paper lays out a new formulation for understanding elite formation in Contemporary neo-liberal capitalism, though a critical review of the conceptual and methodological framework appropriate to 21st century business elite analysis. We argue that analysis of elites has traditionally rested on conceptions either of an 'establishment', where an 'old boy's network' is connected by personal ties, or of a control elite exercising power from the apex of large organizations so as to realize some social project. This latter approach became theoretically problematic after Poulantzas argued for the relative autonomy of elite groups and with the subsequent theoretical insistence on the depersonalization of power relations in an age of capillary power. However, we insist that it remains vital to focus on the role of key individuals as agents within contemporary capitalism. We propose to do this by drawing on recent innovations in social network analysis and in the sociology of stratification. which are set in the context of restructuring in present day neo-liberal capitalism. On this basis, we argue for a different conception of present day UK and US business elites that starts from a recognition of the fluidity of contemporary organization and the position of various intermediaries, such as investment bankers and consultants, in bridging roles.
Keywords Business Elites, Social Networks Analysis Establishment, Social stratification, Working Class
Year 2007
Volume 3
Issue 1
Type Research paper, manuscript, article
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification -
DOI https://doi.org/10.46745/ilma.ibtjbs.2007.31.04
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2414-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Manuscript Processing Blind Peer Reviewed
Format PDF
Paper Link http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/3.1/4.%20Terrorism%20a%20Socio-Economic%20and%20Political%20Phenomenon%20with%20Special%20Reference%20to%20Pakistan.pdf