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Re: The economy - a new era?

----- Original Message -----
From: "Michael Perelman" <michael@xxxxxxxxxxxxxxxxx>



Garraty, John A. 1957. Right-Hand Man: The Life of George W. Perkins
(NY: Harper and Brothers): p. 219 says that Morgan's right hand man
argued that the trusts represented a high order of socialism.  "What is
the difference between the U. S. Steel Corporation ... and a Department
of Steel as it might be organized by the government?"

=======================

"We must get back to competition. If it is impossible then let us go to
socialism, for there is no way between."

[William Howard Taft--who also advocated the Federalization of the
corporate chartering process] [from Martin Sklair's "The Corporate
Reconstruction of American Capitalism 1890-1916" p. 378]
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