Abstract
The features of capitalism that I have described up to this point cannot have disturbed many readers. High tech and a continuous flow of new product designs hitting the market place is attractive to most people. In essence, what I have dealt with is “free enterprise” as it occurs toward the end of the twentieth century. Now I come to a much more controversial subject matter and I shall run the risk of offending many. Free enterprise is not the same as capitalism. Free enterprise is a system of management. But capitalism, at its heart, is a system of ownership and power: private ownership and private power. The subject matter that now confronts us is the exercise of that power.
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