In the spring of 1937 Dwight Macdonald wrote three articles in The Nation profiling the Time, Inc. magazines—Time, Fortune and Life—and their founder, poor-boy-made-good Henry Luce. Macdonald had worked previously for both Time and Fortune, but quit in 1936, exasperated by "the fawning editorial scalpel of Luce’s rewrite men."  Macdonald’s critique of the magazines is brisk and incisive, and serves as a reminder that mainstream journalism’s ties to Wall Street and big business predate our time and will, left unchecked, outlast us as well.  

Time’ and Henry Luce, May 1, 1937
‘Fortune’ Magazine, May 8, 1937
Time, Fortune, Life, May 22, 1937

You can also read Mac the Knife, Jennifer Szalai’s review of Macdonald’s Masscult and Midcult, in this week’s Fall Books issue of The Nation.