Smith 1-5 Flashcards Preview

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Flashcards in Smith 1-5 Deck (12)
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1
Q

Slapped businesses on the ass for putting up with Govts. anti-business laws. Political power is necessary (lobbying) it must be used aggressively and w/ determination.

A

The Powell Manifesto

2
Q

Republicans as well as democrats favored stronger regulation of business and industry to protet consumers and workers from the excesses of american capitalism.

A

The Bipartisan Consensus

3
Q

Ralph Nader was for everyday consumers. His consumer bill hit a republican brick wall. Couldn’t even sway newly elected democrats due to extensive lobbying.

A

Target # 1

4
Q

Organized labor (unions) fought for better treatment with Democrats in office but businesses became fed with the bs so they K0ed income equality.

A

Target # 2

5
Q

Peaceful Army, Martin Luther King brought about the civil rights act and the voting rights act through this huge event. (and black boycotts of white goods)

A

MLK/March on Washington

6
Q

Consumer organizations aim for better quality of life and protection from extortion. Led by Nader, his targetting of GM led to a bunch of vehicle related acts.

A

Nader’s Raiders vs. GM

7
Q

The workers from GM decide not to go on strike again (led by Reuther) in exchange for better pay and organized pay raises.

A

GM & the treaty of detroit.

8
Q

Rich were taxed like mofos. Incomes were most connected, rise in rich income = rise in poor income

A

The Great Compression

9
Q

loved to hop into companies and this method cut the workforce down to the bare minimum to increase its worth.

A

Al Dunlap/Predatory Capitalism

10
Q

Big Companies that layed off the most people

A

The Hit Men

11
Q

Everyone wants to be part of the top percentile. CEOs get paid too much because their pay is handled by other CEOs

A

The Lake Wobegon Syndrome

12
Q

Short term profits, Structured layoffs are the status quo

A

The New CEO Mind-set