Barker's book contains interesting evidence that Europe's corporate landscape is anything but stagnant.
The continental system of corporate governance, in which insider shareholders dominate company ownership, has traditionally differed from the Anglo-American model, in which a broad base of shareholders and institutional investors wield more power. But recently, Europe's system has moved substantially closer to that of the United Kingdom and the United States. Barker credits this shift not to right-wing ideology, since more often than not, it was left-wing parties that engineered the necessary legal changes. Instead, he argues, although right-wing parties were linked to the old system, left-wing parties used reform to attract new support from business.
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