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The purpose of this paper is to offer a genealogy of some of the disciplinary practices that constitute the everyday life of contemporary postmodern America. I argue that we are witnessing the emergence of a new economy of illegalities, and with it, an increased tension between exceptional punishment and generalized surveillance. This physics of power is constituted, in part. through a new political technology of the body that directs a gaze of accountability on an individuals "life-style" and is often premised on regulating, probing or, measuring the body's functions, processes, characteristics or movements. In this way, the body is being used as a central clement in the localization of contemporary power. All this. I believe, is made possible by the historical moment of law twentieth-century capitalism. [ABSTRACT FROM AUTHOR]

This paper begins with a brief critical review of the major perspectives in the debate concerning ownership and control of major corporations. After examination of a new source of data compiled by a Senate committee (pertaining especially to the expansion of stock control by institutional investors and, most importantly, by major commercial banks), we argue that none of these perspectives is strongly supported. In concluding we tentatively outline a perspective which seems to provide a better "fit" to the data. We argue that the dominant force in the overall capitalist economy is now an "intercorporate complex" of major corporations, with banks in a central coordinating position (though short of "control") and an inner group of the "corporate class" providing the human linkage. This form of control is what we call "intercorporate control," based upon the impersonal interests of major, interrelated corporate bureaucracies. [ABSTRACT FROM AUTHOR]