The Bigness Complex: Industry, Labor, and Government in the American Economy
The Bigness Complex confronts head-on the myth that organizational giantism leads to economic efficiency and well-being in the modern age. On the contrary, it demonstrates how bigness undermines our economic productivity and progress, endangers our democratic freedoms, and exacerbates our economic problems and challenges.
This new edition has a thoroughly updated variety of issues, examples, and new developments, including government bailouts of the airline industry; regulation of biotechnology; the fiasco of recent electricity deregulation; and mergers and consolidations in oil, radio, and grocery retailing. The analysis is framed in the timeless context of American distrust of concentrations of power. The authors show how both the left and the right fail to address the central problem of power in formulating their diagnoses and recommendations. The book concludes with an alternative public philosophy as a viable guidepost for public policy toward business in a free-enterprise democracy.
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Power and Public Policy
The Apologetics of Power
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1st sess 2nd sess acquired agreements Airlines American anticompetitive antitrust laws automotive bailout Big Steel Big Three bigness complexes billion Brock Business Week capital carriers cartel Chrysler coalescing power collusion combination Committee companies competitors concentration Cong conglomerate consumers corporate cost Court decades decision Deregulation domestic dominance drug economic power Economist effective Enron example Federal Trade Commission firm's firms foreign competition giantism giants global Ibid industry innovation interest International labor laissez-faire largest lessen competition major manufacturers market power ment merged mergers and acquisitions Microsoft minimills monopolistic monopoly power NewYork nomic oligopolistic oligopoly operating organized owners percent players political problem production profits protect protectionism public policy regulation regulatory restraints retail rivals Senate Sherman Act society steelmaking structure Subcommittee tacit collusion technological tion Trade Commission U.S. Congress U.S. Steel United vertical mergers Wall Street Journal Walter Adams York