Consumer choices limited by corporate influence from "summary" of The New Industrial State by John Kenneth Galbraith
In the modern industrial system, corporations wield significant power and influence over consumer choices. These large corporations have the resources and capabilities to shape the market in their favor, thereby limiting the options available to consumers. Through their control over the production, distribution, and marketing of goods and services, corporations can effectively dictate what products are available for purchase. Furthermore, the sheer size and scale of these corporations allow them to manipulate consumer preferences through advertising and marketing strategies. By investing heavily in advertising campaigns and promotional activities, corporations can influence consumer behavior and steer them towards specific products or brands. This creates a scenario where consumers may feel like they have a choice, but in reality, their op...
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