Mergers and Economic Concentration: Hearings Before the Subcommittee on Antitrust, Monopoly, and Business Rights of the Committee on the Judiciary, United States Senate, Ninety-sixth Congress, First Session, on S. 600 ....

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Page 175 - Williamson, Markets and Hierarchies: Analysis and Antitrust Implications. New York: The Free Press, 1975.
Page 42 - Local leadership is diluted. He who was a leader in the village becomes dependent on outsiders for his action and policy. Clerks responsible to a superior in a distant place take the place of resident proprietors beholden to no one. These are the prices which the nation pays for the almost ceaseless growth in bigness on the part of industry.
Page 438 - ... the competition from the new commodity, the new technology, the new source of supply, the new type of organization ... competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives.
Page 142 - Through monopolistic mergers the people are losing power to direct their own economic welfare. When they lose the power to direct their economic welfare they also lose the means to direct their political future.
Page 528 - Dean of the Graduate School of Management at the University of California at Los Angeles.
Page 438 - ... competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at Iheir foundations and their very lives. This kind of competition is as much more effective than the other as a bombardment is in comparison with forcing a door...
Page 143 - The economic power in the hands of the few persons who control a giant corporation is a tremendous force which can harm or benefit a multitude of individuals, affect whole districts, shift the currents of trade, bring ruin to one community and prosperity to another. The organizations which they control have passed far beyond the realm of private enterprise they have become more nearly social institutions.
Page 369 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 232 - ... company, of (A) voting securities pursuant to a plan of reorganization or dissolution; or (B) assets in the ordinary course of its business; and (12) such other acquisitions, transfers, or transactions, as may be exempted under subsection (d)(2)(B) of this section.
Page 112 - ... anything goes.' As Peter Drucker said: "* " * any accountant worth his salt can convert any profit figure into a loss or vice versa if given control of the accounting definitions all unquestionably 'within the limits of proper accounting practice.

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