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50 Years Ago an Economist Worried About Unchecked Corporate Power. Here’s What His Theory Got Wrong

Harvard Business Review

AUGUST 22, 2017

And if you landed from outer space in 1967, those large firms looked like the planned bureaucracies on the other side of the Iron Curtain. Galbraith’s answer was that they needed to be so because technology required large amounts of capital to be deployed — think your large auto assembly, oil refineries, and chemical plants.

Power 8
Power Bureaucracy Advertising Open-book 8
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Why Trump and Xi’s 90-Day Trade Truce Is a Step in the Right Direction

Harvard Business Review

DECEMBER 6, 2018

The heart of the problems in these cases was the commitment of these countries to equaling and surpassing the capabilities of the United States in targeted industries such as chemicals, steel, autos, semiconductors, aircraft, computers, machine tools, biotech, ship building, and computers. But, of course, it has done so on its own terms.

Globalization 10
Globalization Proposal Bureaucracy Chemicals 10
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