ABSTRACT

The actual result of the antitrust laws was to promote the growth of great industrial organizations by deflecting the attack on them into purely moral and ceremonial channels. Trust busting therefore became one of the great moral issues of the day, while at the same time great combinations thrived and escaped regulation. In the atmosphere the antitrust laws were the answer of a society which unconsciously felt the need of great organizations, and at the same time had to deny them, a place in the moral and logical ideology of the social structure. Senators could always adopt the side of the people on the corporation issue and demand prosecution of the great enterprises under the antitrust laws. The confused results of antitrust law enforcement on the practical control of organizations were not recognized because men did not think of great corporations as public organizations like an army.