Political Science 2237E Lecture : Lecture 1.txt
9 Feb 2013
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* workers react: unions of many sorts, divisions & limits, business & gov t union reactions. * securing bigger firms: limited liability, price fixing considered ok, mergers-convenience, lead to bigger operations. * mergers, consolidations, acquisitions, etc: firms no longer exist because they built one big plant to replace all the smal ler ones, # of manufacturing establishments: bigger and fewer companies. Image of pig: this overstuffed animal (corporation) is making it impossible fo r the rest of us. * constant $ assets up 3-fold 1901-13 tp . 3b. * from 37 firms (1897) to 24 (1913) mont, commerce & royal largest. * limited liability & joint stock ownership (ie. protect the investor) normalized . * corporations have rights as citizens: protection of property (oldest, broader legal protections. In short, corporations gain the rights of an individual but little. I would like the house to understand no attempt is being made to legislate agains t combines, mergers and trusts .
