Article(print)2004

Reinventing a Ruling Class

In: Telos, Issue 128, p. 183-189

Fraser, Andrew

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Abstract

Discusses the emergence of a patrician ruling class in England & the US with wealth & social standing due to the productive use of property. Since the 19th century, both countries are deemed patrician republics composed of a rising bourgeoisie of merchants, professionals, & manufacturers that favored a minimalist state. The rise of corporate charters, or recognition of the corporation as a civil body politic, & corporate capitalism signaled the decline of the bourgeoisie. Problems of corporate governance necessitate a new political theory. L. Collins Leigh

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