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First published by Verso 2020

© Kevin A. Young, Tarun Banerjee, and Michael Schwartz 2020

This book contains excerpts from the following previously published articles: Kevin Young and Michael Schwartz, “Healthy, Wealthy, and Wise: How Corporate Power Shaped the Affordable Care Act,” New Labor Forum 23, no. 2 (2014): 30–40 © 2014 The Murphy Institute, City University of New York; Kevin Young and Michael Schwartz, “A Neglected Mechanism of Social Movement Political Influence: The Role of Anticorporate and Anti-Institutional Protest in Changing Government Policy,” Mobilization 19, no. 3 (2014): 239–260 © 2014 Mobilization: An International Quarterly; Kevin A. Young, Tarun Banerjee, and Michael Schwartz, “Capital Strikes as a Corporate Political Strategy: The Structural Power of Business in the Obama Era,” Politics and Society 46, no. 1 (2018): 3–28 © 2018 Sage Publications.

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The moral rights of the authors have been asserted

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ISBN-13: 978-1-78873-096-9

ISBN-13: 978-1-78873-099-0 (LIBRARY)

ISBN-13: 978-1-78873-097-6 (UK EBK)

ISBN-13: 978-1-78873-098-3 (US EBK)

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

Library of Congress Cataloging-in-Publication Data

Names: Young, Kevin A., author. | Banerjee, Tarun Kumar, 1948– author. | Schwartz, Michael, 1942–

Title: Levers of power : how the 1% rules and what the 99% can do about it / Kevin A. Young, Tarun Banerjee, and Michael Schwartz.

Description: London ; New York : Verso, 2020. | Includes bibliographical references and index. | Summary: “Levers of Power argues that corporations’ influence ultimately derives from their control over the economic resources on which society depends. When business goes on a ‘capital strike’ by refusing to invest in particular locations or industries, it imposes material hardship on specific groups or even the economy as a whole. For this reason, even politicians who are not dependent on corporate campaign cash must strive to keep capitalists happy”— Provided by publisher.

Identifiers: LCCN 2020006826 (print) | LCCN 2020006827 (ebook) | ISBN 9781788730969 (paperback) | ISBN 9781788730990 (library binding) | ISBN 9781788730983 (ebk)

Subjects: LCSH: Business and politics—United States. | Corporate power—Political aspects—United States. | Capitalism—Political aspects—United States.

Classification: LCC JK467 .Y68 2020 (print) | LCC JK467 (ebook) | DDC 322/.30973—dc23

LC record available at https://lccn.loc.gov/2020006826

LC ebook record available at https://lccn.loc.gov/2020006827

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Printed and bound by CPI Group (UK) Ltd, Croydon CR0 4YY