Competition and Combination

THE pressure of war emergencies has brought a large part of the ~world to accept an extreme public control of business and economic activities.So far has this gone in some places and in some industries that it is difficult to distinguish it from state socialism.Public control, involving combination and concen- tration and systematic organization of industries, has proved more effective during the war than most of us would have anticipated.The problem is now presented as to whether we shall go back to the old system of competitive free enterprise so essentially congenial to English and American tradition and so well tested in the marvelous development of economic life in England and the United States before the war, or whether, as a result of our war-time experience, we shall seek to preserve a large part of the organization built up by the war.There is a strong sentiment for

Biology · Business · Competition (biology · Ecology · Merger and Competition Analysis