“Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. Competition was unacceptable...it was not the existence of monopoly that caused the federal government to intervene in the economy, but the lack of it.”
Quote by Gabriel Kolko
Author
Gabriel Kolko
Gabriel Kolko was an influential American historian known for his research on the political economy of the United States and the world in the 20th century. His work typically critically analyzes capitalism and imperialism, and offers sharp criticisms of American foreign policy. more
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