Word: anti-trust
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Even so constructive a critic of the Administration as Walter Lippmann decided, after re-reading the Recovery Act: "Congress meant to allow industries to combine for two years, to enjoy the benefit of exemption from the anti-trust laws provided they lived up to certain conditions. The initiative was to come from industry. Certain privileges were to be granted to industries if they made certain concessions. It seems to me clear that for most industries Congress meant that codes should, under certain conditions, be permitted and not that codes should universally be imposed. . . " The excessive centralization and the dictatorial spirit...
...side and an examination made of the many constructive things that have been inserted in the codes relating to business discipline and voluntary cooperation of business groups, then it might truly be said that more substantial progress has been made toward economic reorganization than was possible in decades of anti-trust law philosophy. Controlled competition is certainly better liked by business men than ruthless and unregulated competition. Their adherence to codes shows that conclusively...
...declined to join his embargo. But Charles Wayland Bryan of Nebraska, brother of the late Great Commoner, took the Langer invitation for a text, delivered a sermon of his own on the woes of farmers. Governor Bryan dramatically declared: "The unrest in the nation is increasing. All of the anti-trust laws have been either nullified or overridden. The people are now being plundered. The prices of the farmers' products are decreasing so his throat is being cut from both ears at once. The only remedy so far in sight, as everything else tried has failed, is to increase...
...polish off its damnation of Goodyear, the Commision invoked the Clayton anti-trust act, charging that the alleged discrimination "tends to create a monopoly" in the making and selling of tires...
...industry, the growth of monopoly, cost accounting, the characteristics of the modern corporation, and related problems, with especial attention to railroads. The second half year is devoted to the problems of government regulation and the comparative success of the various types of regulation: the public utility type, the anti-trust laws, and the prevention of unfair competitive practices. The first half year particularly seemed disorganized, and the lecturers felt called upon at the end of each semester to outline what they had been talking about. The reading is comprehensive; the lectures generally fair enough, though not inspiring...