Influence extends to government and societal institutions from "summary" of The New Industrial State by John Kenneth Galbraith
The power that large corporations wield in modern society is not confined to the realms of business and economics. These entities exert a significant influence over government and societal institutions as well. This influence is a natural consequence of their immense size, resources, and organizational capabilities. In fact, it is an essential feature of the modern industrial system as described by Galbraith. Corporations have the ability to shape government policies and decisions through various means, such as lobbying, campaign contributions, and the revolving door between the public and private sectors. They can also influence societal institutions like universities, think tanks, and the media through funding, partnerships, and other forms of collaboration. This influence extends beyond mere economic domination to encompass social, cultural, and political sp...
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