Material Detail

Lecture 14 - The Political and Judicial Elements of American Capitalism

Lecture 14 - The Political and Judicial Elements of American Capitalism

This video was recorded at PLSC 270 - Capitalism: Success, Crisis and Reform. Professor Rae uses the Merck-Vioxx business case to highlight political elements of U.S. capitalism, including government regulatory agencies, federalism, lobbying, regulatory capture, tort law and liability, and patent law. Professor Rae discusses the importance and influence of concentrated business interests in Washington DC. The Merck legal battles underline how important political and judicial details are in the operation of capitalism. The case also shows the constraints that reform-minded politicians face in attempting to change the status quo.
Rate

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Browse...

Disciplines with similar materials as Lecture 14 - The Political and Judicial Elements of American Capitalism

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.