The Trust Movement in Australia; With Appendix Containing Anti-Trust Legislation in Australasia, South Africa and America
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The Trust Movement in Australia; With Appendix Containing Anti-Trust Legislation in Australasia, South Africa and America

The Trust Movement in Australia; With Appendix Containing Anti-Trust Legislation in Australasia, South Africa and America


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914. Excerpt: ... CHAPTER 17. Solution of the Trust Problem. By (/) Creating and Maintaining Competition; or (?) The Recognition and Regulation of Monopoly. Whilst many policies have been suggested as the solution of the Trust Problem, and several experiments in controlling Trusts, Combines, and Monopolies, in the interests of the public, have been tried, all policies and experiments are based on one or other of two broad principles, viz.: --(1) Regulation of prices and profits, by maintaining, or reverting to competition in all departments of production, distribution and exchange, in which there is, or in which there is a tendency to, restraint of trade. (2) Recognition of monopoly, and concentration of con trol of industry, as being inevitable and desirable, and to control such monopoly in the interests of the community. State or Municipal competition, lowering or abolition of customs, import duties, and anti-trust legislation, have as their basis the conduct of trade on competitive principles. On the other hand, nationalisation or municipalisation of monopolies, and the fixing of prices and conditions of trade by State or municipal regulation, essentially involve the abandonment of competition, and the substitution of concentrated and monopolistic control. It is on one or other of these two essentially opposed and different principles that the solution of the Trust Problem must be founded. In the United States of America, the only country where this question has been extensively studied and experimented on, considerable controversy exists on even this matter of first principles. Mr. Joseph E. Davis, Commissioner of Corporations to the Federal Government of the United States, in an address dealing with this particular phase of the Trust Problem, said: --"In the last analys...


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Product Details
  • ISBN-13: 9781150845659
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 96
  • Spine Width: 5 mm
  • Width: 189 mm
  • ISBN-10: 1150845651
  • Publisher Date: 02 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 186 gr

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The Trust Movement in Australia; With Appendix Containing Anti-Trust Legislation in Australasia, South Africa and America
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