John D. Rockefeller and the Standard Oil Trust
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Read the Standard Oil case study beginning on page 75 of the textbook as well as pp. 145–150 of Exxon and the Control of Oil. Please support the position of the pluralist theory of business power.
From the perspective of the pluralist theory, consider the following prompts in your initial post:
- With reference to the seven levels of corporate power addressed in the text, how did the power of Standard Oil change society?
- Was the power exercised in keeping with the social contract of Rockefeller’s era?
- Does the story support the position of either the pluralist or dominance theory of business power?
Also in your post, state which theory (pluralist or dominance) you personally ascribe to. Did the arguments you read on this discussion topic change your perspective?
Provide 2 critique conclusions regarding the social contract from the perspective (pluralist theory or dominance theory) that you have been assigned. Explain your concurrence or disagreement in detail. Support with scholarly research cited in APA style.
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