Volume 24, Number 1 · February 3, 1977
The Refined and the Crude
By John Kenneth Galbraith
The Control of Oil
by John M. Blair
Pantheon, 441 pp., $15.00
Until about thirty years ago the primary object of economic criticism in the United States was the labor union; it resisted innovation, raised costs, subjected the community to the inconvenience of strikes, and was in highly unauthorized possession of an essentially public power. There are still echoes of these attitudes in the contemporary assertions that police, firemen, sanitation workers, and those who live on pensions are getting rich at the public expense. But, overwhelmingly, the modern focus of critical discussion is on the great corporation. There is a continuing cold war between the large corporation and its critics, and the terms of this conflict, which are very little examined by either the participants or others, are worth some thought.
Review, 3850 words
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