Implications for Policy and Practice

Deborah E. Lange

Chapter Chapter 14 in Cliques and Capitalism, 2011, pp 223-226 from Palgrave Macmillan

Abstract: Abstract This chapter summarizes practical lessons learned from the American model of the firm and reiterates that the sustainable model of corporate governance should be advanced in American government policy and why. Policy is suggested in a broad sense; the details are left for the politicians of the day because that is their expertise in their particular contexts. Cultural change is required prior to and alongside policy change and therefore, the approach to policy change is highly strategic. Choosing to redesign systems rather than adding regulation and eliminating hierarchy and large monetary rewards so as to increase egalitarianism represent challenging cultural shifts in a highly polarized liberal democracy having a learned disposition to be suspicious of social democratic principles.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01619-5_15

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DOI: 10.1057/9781137016195_15

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