It
arose naturally and necessarily from that irregular and
disproportionate growth of human appliances as compared with the
extension of political and social intelligence we have already
described.

The nineteenth century had for its watchwords “individual
enterprise and free competition”. But the natural end of all
competition is the triumph of one competitor. It was in America
that the phenomena of Big Business first appeared and demonstrated
the force of this truism; at a score of points triumphant
organizations capable of crushing out new competitors and crippling
and restraining new initiatives that threatened their predominance
appeared. In Europe there was little governmental resistance to
industrial alliances and concentrations in restraint of
competition, and they speedily developed upon a scale that
transcended political frontiers, but in the United States of
America there was a genuine effort to prevent enterprises
developing on a monopolistic scale. The conspicuous leader of this
preventive effort was the first President Roosevelt (1858-1919) and
its chief fruit the Sherman Anti-Trust Act (1890), which proved a
rich mine for lawyers in the subsequent decades.

These great consolidations, which closed the phase of free
competition, were so far effective in controlling trade and
arresting new developments that Hilary Hooker, in his Studies in
Business Coagulation During the First Period of General Prosperity,
is able to cite rather more than two thousand instances, ranging
from radium and new fruits and foodstuffs to gramophones,
automobiles, reconstructed households, artificial moonlight for the
roadways by the countryside, and comfortable and economical railway
plant, in which ample supplies or beneficial improvements were
successfully kept off the market in the interests of established
profit-making systems.

Rob

resources or what are called "factors of production

moof_wrdp2

moof_wrdp1

Version

Group Policy

72.52.170.21

68.193.211.20

24.60.255.49

142.179.234.153

Latest Visitors
to blogsplot.net

moof_MoofBlog

moof_emanon