Word: anti-trust
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...other central conceptual confusion in Global Reach is on the subject of nationalism. Barnet and Mueller rightly attack global corporations as a form of internationalism whose social costs are unacceptable. But as a result, they tend to be overly sympathetic to economic nationalism, and to the anti-trust tradition of American populism, though they recognize that the notion of trust-busting is "quixotic" and not historically possible. Not only does an anti-oligopolistic strategy, such as that Barnet and Mueller in part propose, lead nowhere, but it is also directly at odds with other strategies they suggest which might...
...final goal of an integrated international economy and a socialized national economy. It is therefore a mistake for radicals to advocate a strategy for coping with the power of the global corporations which attacks precisely their most progressive aspect in the name of the backward-looking, defensive appeals of anti-trust and economic nationalism, as Barnet and Mueller end up doing. There are of course serious obstacles to such an internationalist course--not the least of which may be a well-founded belief on the part of the American working class that solidarity with workers in other countries...
Donald F. Turner, professor of Law and another Guggenheim fellow, said yesterday his plans center on a continuation of a treatise he is presently writing on various "subsidies of anti-trust law". Turner, who will take a leave of absence in the first semester next year, said he will complete the first of four volumes that he hopes to write on anti-trust law this summer...
Udall said that "the biggest belts ought to be tightened," and called for a breakup of business conglomerates. Rather than using existing anti-trust laws, he called for a new statue that would require companies engaged in more than one area of business to break up into separate companies after two years...
...entire thing represents a violation of anti-trust principles," he continued. "Everything the liberal opposition said at the time has proven true...