George W. Stocking Quotes

The [Dow-Alcoa And Alcoa-IG] Negotiations [of 1929] Reveal Strikingly The Technique Of Cartel Diplomacy - The Steady Application Of "pressure" And The Resort Alternatively To Challenges And Blandishments. The Similarity To Power Politics In Which Trial By Battle Is A Last Resort Is Marked. The Procedure Discloses The Vast Gulf Between Big Business In Practice And The Patterns Of Behavior Assumed In A Regime Of Free Competition. It Shows How The Conference Table Superseded The Market As The Arena For Decision Making.

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