Industrial Capitalism

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Imagined communities - ... the imagined community are: the reduction of privileged access to particular script languages (such as Latin) due to mass literacy, the movement to abolish the ideas of rule by divine right and hereditary monarchy, as well as the emergence of printing press capitalism - all phenomena occurring with the start of the Industrial Revolution.

Technostructure - Technostructure is a term coined by the economist John Kenneth Galbraith in "The New Industrial State" (1967) to describe the group of technicians within an enterprise (or an administrative body) with considerable influence and control on its economy. It usually refers to managerial capitalism where the managers and other company leading administrators, scientists or lawyers detain more power and influence than the shareholders in the decisional and directional process.

Seymour Melman - ... emeritus of Columbia University's Fu Foundation School of Engineering and Applied Sciencewho wrote extensively for fifty years on "economic conversion," the ordered transition from military to civilian production by military industries and facilities. Author of "The Permanent War Economy" and "Pentagon Capitalism", this economist, writer, and gadfly of the military industrial complex, died in his Manhattan home of an aneurysm] on [[December 16 2004.

Creative destruction - Creative destruction is the colourful expression introduced by the economist Joseph Schumpeter to describe his view of the process of industrial transformation that accompanies radical innovation. In Schumpeter's vision of capitalism, innovative entry by entrepreneurs was the force that sustained long-term economic growth, even as it destroyed the value of established companies that enjoyed some degree of monopoly power.


Suggested Web Sites

VentureChoice - Global marketplace for the private-equity and venture-capital industry. Includes articles and industry news.

Australian Venture Capital Association - National association which represents the Australian venture capital industry's participants, promotes the industry and encourages investment in growing Australian companies.

GTCR - Focus: capital for companies in consolidating of fragmented industries and high-growth industries.

Source: BazSites.com

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