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The corporate power of the British monarchy

Capital(ism), wealth and power in contemporary Britain

Bibliographic Data

ID3533894
AuthorsL Clancy (0000-0002-4688-0184, Lancaster University, corresponding author)
Year2021
Volume69
Issue2
Pages330-347
Publication date2021-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Sociological Review (JOURNAL)
Journal identifiersISSN: 0038-0261 • E-ISSN: 1467-954X
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0038026120916105
OpenAlexW3004002653
LanguageEN
Citations received11
References cited33

This article offers a critical analysis of the British monarchy within wider political economies of wealth and power. While sociology has renewed its interest in 'the elites', the British monarchy is often positioned as an archaic institution, an anachronism in relation to corporate forms of wealth and power, and therefore irrelevant. This article counters this framing by revealing the mechanics, technologies and actors 'behind the scenes', in order to expose and demystify the relationship between the symbolic and political-economic functions of the monarchy. To do this, I (re)conceptualise the monarchy as a corporation, 'The Firm', oriented towards, and historically entrenched in, processes of capital accumulation, profit extraction and other forms of exploitation. The article maps out The Firm's labour relations, financial arrangements, inter/national relationships and networks, and the legal status of The Crown and its components in order to demonstrate how 'old' and 'new' forms of wealth intersect and converge in contemporary Britain. This article is intended as a provocation to sociological studies of elites to suggest that, in overlooking monarchy, we are overlooking a key component of contemporary capitalism, and a key component in the reproduction of inequalities today

Absolute monarchy · Archaeology · Capitalism · Corporation · Economics · Framing (construction) · Monarchy · Political economy · Political science · Politics · Power (physics) · Sociology · History · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Policy and Reform Studies

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Unique citing works11
Citations per year2,75
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 9

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