Simon & Schuster, 352 pp., $13.95
South End Press, 325 pp., $6.00 (paper)
As the performance of American business has progressively deteriorated since the mid-Seventies, the political fortunes of the left have also steadily declined. One explanation for this paradox has been the unwillingness of many liberal and radical critics of business to acknowledge the seriousness of the difficulties confronting the economy. Much time has been spent on a search for scapegoats to blame for the increasing scarcity of goods and services. If only—so the argument runs—the power of multinational corporations, the oil companies, conglomerates, agribusiness, the medical-industrial complex, the military-industrial complex, etc., could somehow be made accountable to the public, the nightmare of inflation and chronic unemployment would come to an end.
Review, 3841 words
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