Publisher's Synopsis
Excerpt from Social Problems in Labor Relations: A Case Book
The change of scale in business and industrial operations in this country during the last fifty years is a striking fact that has been generally Observed, but some of its social, as distinguished from its economic, implications have not received the attention that they deserve. During this relatively short period, many business enterprises have passed from the scale of the owner manager, directing 100 or zoo workers and selling to a small num ber of customers, to corporations that number their owners (stockholders) by tens of thousands, their managers by hundreds, their workers by tens of thousands, and their customers (who are for practical purposes unknown to them) by hundreds of thou sands. In its early stages this change of scale, which was often achieved by combining several competing firms, caused widespread alarm and produced antitrust or antimonopoly legislation designed to prevent the abuses that were predicted. In the first decades of this century, for example, President Theodore Roosevelt embarked upon his famous trust-busting campaign, in response to an insistent popular demand. But looking back at it thirty years later, the results were certainly disappointing, and one is tempted to suggest that the statesmen and lawmakers of that period failed to make a correct diagnosis of what they assumed to be an industrial disease.
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