Competitive forces would discipline even the largest mergermade corporations

Evidence

Similarly, Director asserted that a corporation, in spite of its size or the level of concentration of its market, could not hinder free choice in the labor market or any other market. In fact, according to Director, the corporate form was ideal not only because it neither hindered nor promoted monopoly, but also because it approximated the impersonal ideal of the market. Director sanguinely opined that, as with monopoly, the competitive forces would control corporations and ensure they approximated the ideal of competition. According to Director, this even applied to large corporations that gained their size via vertical or horizontal merger. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1112

Categorization

• XREF: connects to: Early Sherman Act enforcement targeted the largest merged corporations and their abusive practices — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1136; Takeover markets and institutional investors drove shareholder-value restructuring of corporations. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 31

Broader Connections

• Early Sherman Act enforcement targeted the largest merged corporations and their abusive practices #contradicts (0.85) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1136
• Takeover markets and institutional investors drove shareholder-value restructuring of corporations. #corroborates (0.80) — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 31