Article Title

Multinationals and the Crisis

Authors

Laurie Carmichael

Abstract

Fortune magazine (May 1975) in its yearly review of the 500 top U.S. Corporations said: “Oil, inflation and recession, had – not surprisingly - a lot to do with the record turned in by the 500 largest industrials in 1974. The combination of enormously higher prices and only slightly lower consumptions gave a fantastic lift to the sales, profits and rankings of the oil companies.” Median profits for oil rose 39.6 per cent for the year.

Recommended Citation

Carmichael, Laurie, Multinationals and the Crisis, Australian Left Review, 1(48), 1975, 11-16.
Available at:https://ro.uow.edu.au/alr/vol1/iss48/3