Abstract
The relationship between economic system and political regime has recently reemerged as a central issue in social science. An examination of the political perceptions and actions of individual firms and of sectors during the uncertainties of decolonization permits a new approach to this question, using the concept of political exposure. The firm or sector characteristics that are associated with greater political exposure are assessed. Political preferences cannot be equated with either political action or outcomes, however. The links between capitalism and political regime require further refinement and qualification.