The New Industrial State

“Galbraith was looking at what had happened to the large corporation. By the 1960s, he saw it had succeeded, that Croly’s promise of American life had been achieved in many respects. The New Industrial State was more of an explanation than a call to arms. It was an explanation for how it was that the giant corporation managed to create an adequate market for its extraordinary productivity and why, as Galbraith called it, the “technostructure”, the people who were involved in planning the next innovations in goods and services, was really the centre of power in the large mid-20th century corporations. If anything, Galbraith’s book was a warning about that technostructure.” Read more...

The best books on Saving Capitalism and Democracy

Robert Reich, Economist