Corporations

In America, we need

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In America, we need to go forward in nationalizing several large corporations: I think that’s possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the … Read more

Despite the large number

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Despite the large number of mergers, and the growth in the absolute size of many corporations, the dominant tendency in the American economy at the beginning of [the 20th] century was toward growing competition. Competition was unacceptable…it was not the existence of monopoly that caused the federal government to intervene in the economy, but the … Read more

The idea that a

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The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as … Read more

Speaking of myself, I

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Speaking of myself, I was made to realize long ago that the old trade union was utterly incompetent to deal successfully with the exploiting corporations in this struggle. I was made to see that in craft unionism the capitalist class have it within their power to keep the workers divided, to use one part of … Read more

If you go to

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If you go to the city of Washington, and you examine the pages of the Congressional Directory, you will find that almost all of those corporation lawyers and cowardly politicians, members of Congress, and misrepresentatives of the masses – you will find that almost all of them claim, in glowing terms, that they have risen … Read more