The Rise of Big Business: The Failure of Trusts and Cartels (continued)

Tags: U.S. Economy, U.S. History

01/11/2010 Murray N. Rothbard

Despite the drive for monopoly, only oil, sugar and corn products ended up dominated by a particular company. Bigger was not better. Biggest was not best. Smaller and more mobile was more competitive. Major inventions are still coming from small firms.

From Murray Rothbard’s 20th Century American Economic History lecture series.

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