The American tendency to equate economic efficiency with moral virtue has deep roots in our history. It helps to explain why Americans so widely embr… - Neil H. Jacoby

The multinational corporation is leading Europe toward a more egalitarian, homogeneous, and democratic society. While traditionalists will deplore the gradual blurring of class and national distinctions, such segmentations cannot in the end withstand the onslaught of technological and economic changes.

Motivated partly by the decision to convert its navy from coal to oil, the British government ultimately acquired a major interest in what was then the only oil-producing company in the Middle East.

During the decade of the 1970s, the print and electronic media emerged as an institution comparable in power and influence to the three coordinate branches of government. Shielded by the First Amendment to the U.S. Constitution, the press has become almost invulnerable to the criticism and legislative curbs that limit the power of such other social institutions as business or government. Congressmen, who depend upon the radio and television networks for national visibility, are loath to level criticisms at the media.