Word: galbraith
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Advocates of bigness in business argue not that it is desirable but inevitable. Economist John Kenneth Galbraith has attacked big companies for creating demand for unnecessary products, but he also argues that only the giant corporation has the resources to engage in necessary long-range planning and to marshal the armies of specialists needed to fully exploit technology. Says Galbraith, in defense of the huge corporation: "The notion that you can get along without modern organization is strictly romantic. If you think otherwise, try taking a trip to the moon...
WITH the notable exception of Galbraith's exercises in sarcasm, books on business rarely win much public attention. Even before its official publication last week, however, America, Inc. had stirred widespread debate. The authors, Morton Mintz, a top investigative reporter for the Washington Post, and Jerry S. Cohen, former staff director of the Senate Antitrust and Monopoly Subcommittee, argue that big business is running the U.S.-and running it into the ground...
...CYNICAL here might take comfort in the knowledge that both Segal and Brewster were educated at Harvard, and that most of Reich's analysis is really Galbraith without the economics (a concept, admittedly, ?me might find as ludicrous as Galbraith without the modesty). They can snort to each other-and rightly so-that each Brewster speech, each Segal movie, each Reich pronouncement, each flattering Israel Shenker Times profile is a triumph of style over content, content ?? residing exclusively somewhere north of the Charles. But it's a triumph nonetheless. And can we ignore it? More than we suspect, Harvard...
...things that long John Kenneth Galbraith has been, besides U.S. Ambassador to India, is a trustee of Harvard's Radcliffe College. This may or may not lend weight to the opinions on women he expressed last week to an interviewer (female) for the London Times. "I feel very angry when I think of brilliant, or even interesting women whose minds are wasted on a 'home,' " said Economist Galbraith. "Better have an affair," he says. "It isn't so permanent, and you keep your job." Marital bliss? "The happiest time of anyone's life is just...
...given me no pleasure to make this speech," Galbraith answered, and returned to his seat...