Word: darman
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Dates: during 1980-1989
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...American system to the late 19th century, when large enterprises, notably the railroads, often ignored the interests of local communities. The citizens of these communities began looking to the Federal Government as a brake on economic barons. Since World War II, this process has gone wild. Richard G. Darman and Laurence E. Lynn Jr. of the J.F.K. government school estimate that 40% of all decisions involving corporate capital investment now are determined by considerations other than profits or the best interests of shareholders and employees. Instead, the determining factor is Government policy; and it, of course, is seldom based...