Future of Small Business in America: Hearings Before the Subcommitee on Antitrust, Consumers, and Employment of the Committee on Small Business, House of Representatives, Ninety-fifth Congress, Second Session ...U.S. Government Printing Office, 1978 |
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acquisition ADAMS advertising American antitrust agencies antitrust laws Archibald MacLeish authors Authors Guild BEDELL big business BRECKINRIDGE cartel cent chains Chairman Committee companies concentration concern conglomerate conglomerate mergers CONGRESS THE LIBRARY consumer cost Davis Walker's domestic economists effect efficiency employment enforcement enterprise Federal Trade Commission food retailing foreign giants going Government guaranty loans Houghton Mifflin income increase independent inflation innovation integrated firms interest investment Japanese job creation jobs created John Kenneth Galbraith labor LIBRARY OF CONGRESS loan programs major manufacturing market share mergers million monetary policy monopoly MUELLER Newman nonintegrated fabricators oligopolistic oligopoly percent PRESSLER problem Procter & Gamble Professor Galbraith publishing rod prices SBA's small business small firm social steel prices structure subcommittee substantial takeover tion trigger price system U.S. steel United vertically integrated wage Western Pacific Industries wire products wire rods Xerox
Popular passages
Page 147 - A benign providence who, so far, has loved us for our worries, has made the modern industry of a few large firms an almost perfect instrument for inducing technical change.
Page 174 - The fact that they are not vicious men but respectable and social minded is irrelevant. That is the philosophy and the command of the Sherman Act. It is founded on a theory of hostility to the concentration in private hands of power so great that only a government of the people should have it.
Page 150 - Public control will assure free and equal availability of the inventions to American industry and science; will eliminate any competitive advantage to the contractor chosen to perform the research work; will avoid undue concentration of economic power in the hands of a few large corporations ; will tend to increase and diversify available research facilities within the United States to the advantage of the government and of the national economy; and will thus strengthen our American system of free,...
Page 85 - The Celler-Kefauver Act: Sixteen Years of Enforcement," Report to the Antitrust Subcommittee of the Committee on the Judiciary, House of Representatives, Oct.
Page 153 - Many people believe that possession of unchallenged economic power deadens initiative, discourages thrift and depresses energy; that immunity from competition is a narcotic, and rivalry is a stimulant, to industrial progress; that the spur ot constant stress is necessary to counteract an inevitable disposition to let well enough alone.
Page 118 - the industry bought 40 million tons of the wrong kind of capacity — the open hearth furnace," while the Europeans and Japanese were installing the cheaper and more productive oxygen converters at a breakneck pace.
Page 153 - US automakers and their trade association had conspired "(a) to eliminate all competition among themselves in the research, development, manufacture and installation of motor vehicle air pollution control equipment...
Page 174 - Industrial power should be decentralized. It should be scattered into many hands so that the fortunes of the people will not be dependent on the whim or caprice, the political prejudices, the emotional stability of a few self-appointed men.
Page 150 - ... or the right to close the road altogether. It is tantamount to socializing the financial support for research while permitting private monopolization of its benefits. Moreover, as Admiral Rickover observed, firms receiving R and D contracts "are relatively few huge corporate entities already possessing great concentrated economic power. They are not ailing segments of the economy in need of public aid or subsidy. Nor are there any real reasons to offer patent give-aways...
Page 189 - But it is not by the consolidation, or concentration of powers, but by their distribution, that good government is effected. Were not this great country already divided into states, that division must be made, that each might do for itself what concerns itself directly, and what it can so much better do than a distant authority. Every state...