Change and the Planning System, from The New Industrial State

John Kenneth Galbraith
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John Kenneth Galbraith: Harvard University

A chapter in The New Industrial State, 2007 from Princeton University Press

Abstract: With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State , one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.

First published in 1967, The New Industrial State continues to resonate today.

Keywords: free-enterprise; advertising; consumer need; multinational corporations; industrial planning; capital; power (search for similar items in EconPapers)
Date: 2007
ISBN: 9780691131412
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Citations: View citations in EconPapers (11)

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