Stagnation, Monopoly, Culture, Media, Political Economy
The purpose of the preceding discussion has been not only to advance the understanding of the working principles of the contemporary American economy, but also, and perhaps even more important, to gain the insight that only such understanding can provide into the forces that mold the lives, shape the minds, and determine the development of individuals in our society. On the pressing urgency of the need for this insight there can hardly be any dispute. Disorientation, apathy, and often despair, besetting Americans in all walks of life, have assumed in our time the dimensions of a profound crisis. This crisis affects all aspects of national life, and ravages with equal force both its socio-political realm and its individual sphere—everyman's everyday existence.
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