The Triumph of Conservatism: A Reinterpretation of American History,. By Gabriel Kolko. (New York: The Free Press of Glen- coe, pp. Gabriel Kolko (ONTENTS Introduction 1 ONI! Monopolies and Mergers: Predictions and Promises 11 1 WO Competition and Decentralization: The Failure to. The Triumph of Conservatism has 87 ratings and 13 reviews. The Triumph of Conservatism: A Reinterpretation of American History, – Gabriel Kolko.
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And even when entries were not great, the reallocation of market shares tended to deprive giant, well-capitalized mergers of their supremacy. Moreover, it illustrates the fact that many key businessmen articulated a conscious policy favoring the intervention of I lie national government into the economy.
It does not unnounce a new principle of law, but applies old and well-recognized principles of the common law to the complicated jurisdiction of our State and Federal Government The essential characteristic of the telephone industry in the first decade of this century was its competition and rapid change.
I fell asleep every time I picked this up. Political capitalism, as I have defined it, was a term unheard of in the Progressive Period.
Business often times opposed reform and these reforms were actually effective in many cases. Both procedures will be used in this dimly. At the same time, Perkins had Senator Joseph B. Theauthor hasresearched in animpressive array ofmanuscript collections, andsome ofhisevidence should disturb thecomplacency of historians whoareconfident aboutconventional interpretations. He was also one of the first historians to take on the regulatory state in a serious way.
Gates and Max Pam of American Steel and Wire, who wanted strict federal incorporation laws and a national manufacturing commission to supervise incorporation, and by James B.
The Triumph of Conservatism: A Reinterpretation of American History, 1900–1916
The second and more significant approach was outright regulation and the creation of administrative commissions in- tended to maintain continuous supervision over phases of the econ- omy.
Steel faced its first real test of “bad business conditions. It also winds up feeling l This book has a very interesting premise and it somewhat delivers. Hereandthere in thebookthereadercanadmire theauthor’s footwork in walkinganintellectual tightxope.
Razool rated it really liked it Jan 02, Views Read Edit View history. Free Press of Glencoe. Walker, for example, thought monopoly to be progressive.
Gabriel Kolko – Wikipedia
Even more important, how- ever, is the fact that independents forced telephone rates down and treated a mass market for their services and for the industry. Race and America’s Long War. Armour, Swift, and Morris proceeded during to plan a merger of their own firms and other major packers, and collectively purchased thirteen packing companies.
Kolko sometimes erects ttriumph men in his criticism of other 6p.
The dissolution decree left the component Standard companies in noncompetitive positions with one another, and the combined share of refining of this con- glomeration declined to 50 per cent in and 45 per cent in Project MUSE Mission Project MUSE promotes the creation and dissemination of essential humanities and social science resources through collaboration with libraries, publishers, and scholars worldwide.
Based on his PhD dissertation. Therefore they Would gradually take away the business from the large packers, ihoiild the latter attempt to buy their cattle unreasonably low or sell heir beef unreasonably high. And to the extent that historians have accepted the consensus among contemporaries as to the inevitable growth of monopoly at the turn of the century, they have failed to appreciate the dynamic interrelationship between politics and economics in the Progressive Era.
New Republic, April 24, Another study by Dewing reveals that heavy fixed charges on the basis of expected earnings, administrative difficulties, and continued competition caused ten mergers to earn an average of 65 per cent cnservatism their pre- consolidation profits.
Refresh and try again. Jim rated it liked it Aug 31, This was a thesis that disputed the “widely held view consfrvatism government regulates business, arguing that instead, business conseervatism government”  and Kolko used it to analyze how America’s social, economic, and political life was shaped beginning with the Progressive Era Federal legislation under which corporations may be created and regulated, if that be possible.
But the regu- lation itself was invariably controlled by leaders of the regulated in- dustry, and directed toward ends they deemed acceptable or desirable. Tells the Facts, Names the Names”.
Flint collectively probably ac- wmmlcil for a minority of the total mergers and less than half of the VHlue of all mergers; in addition, there were innumerable single indi- viduals and investment bankers involved in the merger movement.
But it’s easy enough to set aside Kolko’s politics; a reader interested in a history of attacks on free markets, for example, will find in this book a detailed often dry affirmation of one of Milton Friedman’s refrains: An Analysis of Power and Purpose. In May,the Interstate Commerce Co mmi ssion found the Morgan-controlled International Harvester Company guilty of obtain- ing rebates from an Illinois railroad which it owned.
The inescapable conclusion is that mergers were not particularly formidable and successful, and surely were incapable of exerting con- trol over competitors within their own industries.