Technological advancements central to corporate dominance from "summary" of The New Industrial State by John Kenneth Galbraith
In the modern industrial system, technological advancements play a crucial role in shaping the power dynamics within corporations. These advancements have enabled corporations to consolidate their dominance and control over various aspects of the economy. As a result, these corporations have become increasingly powerful and have a significant influence on both the market and the government. One of the key ways in which technological advancements have contributed to corporate dominance is through the creation of barriers to entry. The high costs associated with developing and implementing new technologies make it difficult for smaller competitors to enter the market and compete with established corporations. As a result, these corporations are able to maintain their dominance and cont...
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