Word: businessmen
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Dates: during 1950-1959
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Mills calls the justification for the military establishment the "military metaphysic", and the justification for the preservation of this establishment--"crackpot realism." He has the ax out for the "Power Elite" he described in his earlier book of that name--the intertwined combination of the military, the businessmen, and the politicians. Military and businessmen partake of the "military metaphysic" for reasons of self-interest, claims Mills, for the politicians, it "provides a cover under which they can abdicate the perils of innovative leadership; it provides a cover for their use of military bureaucrats--the only large pool of professional civil...
...American university is, as David Riesman has noted, the last refuge of free enterprise. In the literal sense it is a marketplace, where knowledge takes the place of money as common currency and people meet to exchange their ways. Scholars, like businessmen, hoard up this currency and use it to advance their ambitions. It is perhaps significant that the university library resembles a bank not only in its muffled impersonality, but in its very monumental achitecture...
...many helpful comments made by participants in the Sarah Lawrence conference. its leaders. Usually this pattern is more or less hereditary, with people learning their roles by continual exposure since childhood to the prerequisite values and attitudes. Professional people learn the mores of professionalism by having professional parents, and businessmen are raised from childhood to take over father's business. But in our highly complex society this system is inadequate, because successful people do not have enough intelligent children to replenish the ever growing technocracy. As a result the society must recruit part of its responsible and talented elite from...
...Wall Streeter whose advice is most often sought by U.S. businessmen is Sidney J. Weinberg, 67, who now has the oracle's seat once occupied by Bernard Baruch. As a senior partner of Goldman, Sachs & Co., one of The Street's top ten banking houses, Weinberg has won an enviable reputation as an underwriter skilled at judging the new issue market just right. His most recent success was selling $350 million of Sears, Roebuck debentures-history's biggest debt offering-in a bond market so soggy that some underwriters doubted the issue could be marketed...
WEINBERG'S network of friends served him well during World War II, when he worked as a mobilizer for Donald Nelson, persuaded dozens of top businessmen to take Washington jobs, including "Electric Charlie" Wilson, G. Keith Funston and Ralph Cordiner, on his plea that "Government service is the highest form of citizenship." Since then, Weinberg has nudged George Humphrey, Neil McElroy and many others into Government service. He has achieved the status of a de luxe one-man employment agency. "There is a guy waiting outside right now," he told a recent visitor, "who is president of a multimillion...