Chapter 60 of 126 · Socialistic Fallacies by Yves Guyot
CHAPTER IX: Cartels and Trusts
- i Cartels only applicable to certain industries.
- ii American trusts according to M. Paul Lafargue—“Abolish competition and substitute a methodical organisation for anarchy”—Definition of a “trust”—The anti-trust law—Financial organisation of the trust—Preferred stock and common stock—Over-capitalisation and competition—Real and apparent capitalisation of trusts—Depreciation in 1903 and 1904—Goodwill—“The tariff is the father of the trusts”—The tariff and the profits of the trusts—The trusts have not destroyed competition—Competition within the trusts—Conclusions.
Socialistic Fallacies
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