Business: The Power of America, Inc.

WITH the notable exception of Galbraith's exercises in sarcasm, books on business rarely win much public attention. Even before its official publication last week, however, America, Inc. had stirred widespread debate. The authors, Morton Mintz, a top investigative reporter for the Washington Post, and Jerry S. Cohen, former staff director of the Senate Antitrust and Monopoly Subcommittee, argue that big business is running the U.S.—and running it into the ground.

Much of their evidence of business wrongdoing is old, consisting of cases going back ten years or more. Worse, the authors ignore all evidence favorable to large companies. They point out the...

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