The new industrial state / Print
- Boston Houghton Mifflin Co. 1967
- xiv, 427p. Hardback book.
Mr. Galbraith shows how five or six hundred giant corporations which use advanced technology and highly specialized manpower supply themselves with captial, how the men who comprise them are motivate d, and how the organized intelligence has replaced ownership as the source of power in the modern enterprise. He shows how the market has declined as a guiding influence in economic life, to be replaced in substantial measure by planned decision as to what will be produced, at what prices and for whom. Mr. Galbraith makes clear that government in the industrial state can be understood only in light of the needs and goals of modern large-cale organization. This profoundly shapes the prospect for trade unions, political parties, education and the larger culture itself. Only as we see the goals of the industrial system in a clear light will we avoice the danger of subordinating too much of life to their service. Published in 1967, this work was before it's time and gave a heads up to those paying attention to the modern problems inherent in an economy too reliant on large corporations and their decisions in the 21st century.