Professor John Kenneth Galbraith is the Paul M Warburg Professor of Economics at Harvard University and is the author of 'The Affluent Society'. In his Reith series entitled 'The New Industrial State', he explores the economics of production.
In this lecture entitled 'The Role of the State', Professor Galbraith explores the relationship states have with large Corporations. He argues that the state and private industry are moving closer together and warns there is a danger that the state could become too involved with industry, and consequently policies could be influenced by these corporations. Galbraith looks at what the state should be providing for its citizens.