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GE: The Multi-National National Corporation

The position held in the national corporation has become a major basis for status claims. The corporation is now the organized power center of the propertied classes; the owning and managerial elites of the big-city upper class, as well as members of local society, now tend to look to the corporation in claiming and in assigning prestige to one another, and from it they derive many of the status privileges they enjoy. Inside the corporation and outside it among other corporate worlds as well as in the country at large, they gain the prestige of their positions. – C. Wright Mills


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