The corporate class has accumulated a staggering level of power in Washington — and we’ve all paid the price.
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On August 23, 1971, Lewis Powell sent a confidential memo to his friend Eugene Sydnor, Jr., the director of the U.S. Chamber of Commerce. The memo was both a call to arms and a battle plan for a business response to its growing legion of opponents. Powell was a corporate lawyer, a former president of the American Bar Association, and a board member of eleven corporations, including Philip Morris and the Ethyl Corporation, a company that made the lead for leaded gasoline. Powell had also represented the Tobacco Institute, the research arm of the tobacco industry, and various tobacco companies. Later that year, President Richard Nixon would nominate Powell to sit on the U.S. Supreme Court, where he served for fifteen years.