Investigation Of Concentration Of Economic Power The Structure Of Industry

Author : Temporary National Economic Committee
Publisher : Forgotten Books
ISBN 13 : 9780265425411
Total Pages : 118 pages
Book Rating : 4.4/5 (254 download)

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Download or read book Investigation of Concentration of Economic Power written by Temporary National Economic Committee and published by Forgotten Books. This book was released on 2017-10-17 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Investigation of Concentration of Economic Power: Monograph No. 38: A Study of the Construction and Enforcement of the Federal Antitrust Laws A half century has elapsed since Congress gave expression in legisla tion to the American faith in free competition as a system Of economic organization and control. By this legislation, it sought to preserve competition from the extinction which threatened it. These 50 years have witnessed many changes in the American way of life and in the structure and operation of our business system. The dreaded trusts of the past century are but pygmies in comparison with our present day industrial giants. Activities subversive of competition are today conducted on a scale and under forms beyond the conception Of the framers Of the legislation Of 1890. Competition still exists, but it has been compromised by organizations, arrangements, and practices which are alien to its spirit'and which impede its proper functioning. Those who have lost faith in competitive institutions attribute this failure to the allegedly mistaken purpose Of the Sherman Law. To them, competition has been tried and found wanting; they indict it as inefficient, wasteful, and Obsolete; it is an archaic system, contrived for the needs of petty trade but utterly unsuited for the highly Organized and war-strained economy Of the twentieth century. Others profess agreement with the Objectives-oi the legislation which they characterize as laudable but unattainable; the Sherman Act, to their way of thinking, like national prohibition, is incapable of enforcement. Under these viewpoints the Sherman law is beyond redemption and must give way to new legislation based upon different conceptions and pointed toward different Objectives. The failure Of a statute, however, may result not from a misconceived policy but from faulty draftsmanship or from frustrating judicial con struction; the objectives of a law may remain unachieved not because they are unattainable but because they have not been earnestly pur sued by vigorous, impartial, and effective enforcement. Laws to a large extent are only as effective as the men who enforce them.' The procedural and substantive limitations of a statute may be overcome by the resourcefulness and energy of enforcement agencies, but laws, no matter how perfect, are never self - executing, and without sufficient manpower, remain a pious aspiration untranslated from the realm of words to that Of action. A law which has never been truly enforced cannot be said to be unenforceable. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.