4 ms·
An interesting read is Galbraith's "The New Industrial State" which lays out an argument that the US is also a planned economy, just with non-state planners. I
by projektfu 5y ago
An interesting read is Galbraith's "The New Industrial State" which lays out an argument that the US is also a planned economy, just with non-state planners. It came out before the 80s so things have changed from the era of corporate conglomerates in the US, but the underlying nature of advertising as a mechanism for generating the demand that is allowing companies to continue to convert resources into sellable products I think is spot on.
https://en.wikipedia.org/wiki/The_New_Industrial_State https://en.wikipedia.org/wiki/The_New_Industrial_State