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Non-Tech : Kirk's Market Thoughts

COHR 185.70

+2.2%

Dec 8 3:59 PM EST

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To: Sam who wrote (3185)	6/15/2015 12:15:27 PM
From: Chip McVickar	of 26731

Sam - I'm not interested in taking this any further, I've made my point and we disagree... that's just fine. However, I doubt any of the robber barrons liked the Sherman Anti Trust Act - it did place pressure on all of them to respond - it goes on to this day with Gates, etc - and to act more responsibly in the public distribution of their wealth - Carnegie no matter how great an individual - did not escape the public debate "Although few companies actually adopted the form of a "trust," the term rapidly became the catchword in public debate over the government's role in a time of such industrial concentration. Some saw increasing industrial concentration as natural and beneficial. Steel baron Andrew Carnegie said that "this overpowering irresistible tendency toward aggregation of capital and increase of size ... cannot be arrested." Even the progressive-minded journalist Lincoln Steffens remarked: "Trusts are natural, inevitable growths out of our social and economic conditions. ... You cannot stop them by force, with laws." Read more: iipdigital.usembassy.gov

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