The social market economy was created by policy makers with a vivid memory of market distortions and social tensions caused by the giant industrial trusts before 1939.
Already by the last quarter of the 19th century, the emergence of great industrial trusts had provoked legislation in the United States (although not in Europe) to curb the monopolistic tendencies of industrialization.
I call this machinery the "Koch political trust" to compare it to the great industrial trusts -- oil, steel, banking, railroads, etc. -- of the late nineteenth and early twentieth centuries.
After the public outrage over the abuses of the Standard Oil Trust at the turn of the twentieth century, it took a bully pulpit-pounding president and a deeply concerned US Supreme Court nearly seven years to dismantle the industrial trusts.
By focusing on three general issues in the context of industrial R&D – trust, coordination, and motivation – this article develops an argument for a more expansive government role.
He is still attacking the curse of drink in France, and "the kingdom of alcohol" ruled by the industrial-alcohol trust.
A balance between homes and jobs is difficult to maintain, but two things would help: an aggressive program to build affordable housing to ease the overheated market, and a comprehensive planning effort with expanded inclusionary zoning, "nontransitional" mixed-use districts, industrial land trusts and other innovative protections for manufacturing.
The academic-industrial brain trust embedded in America's university research system has created the atomic bomb, rocket fuel, the computer, the Internet, the seat belt, toothpaste, chemotherapy, and virtually every technological innovation that you take for granted today.
An additional six questions were asked at the 1913 referendum, on Trade and Commerce, Corporations, Industrial Matters, Trusts, Monopolies, and Railway Disputes.
Two, curry favor with your party's traditional enemies: Wall Street, Big Pharma, the Christian Right, the energy and industrial agriculture trusts.
