The Problem of the Trust

Cover The Problem of the Trust
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It seems to me that the proof that trusts are inevi- table as a protection against the rising flood of capital is simply overwhelming both in theory and in fact.
It seems most palpable that every industry in this country must in time fall into the power of the trust. The trust with its enormous capital not only gives our domestic capitalists better opportunities for competi- tion with foreigners in foreign neutral markets but it is itself by damming up the old and natural domestic channels for
...investment actually forcing itself to cut out new channels for its overflow.
It is impossible to dam up all the mouths of the Mississippi no matter how high the dams. A flowing river must find the ocean somehow and if not by one channel then by another. The trusts are affording but a temporary breastworks for our captain of industry.
13 l will, however, be a flank movement rather than a frontal attack that will finally dislodge the captains from their fortress. The trust is not only a protection against undue competition but it is a labor saving de- vice of the highest possible efficiency.


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