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Show 26 Still another Galbraith's CarHtqlism by the of theory His 0 viewpoint monopoly on countervailing proposition is that power competition are exists in John in his book American expressed "private power of those who countervailing and economic power is held in check to it subject 0 The first begets the secondo,,36 Since the lS90 Antitrust Act of maintained 37 tions and that the federal government fundamental a Even try. of the Interstate Commerce Act of 1887 and the Sherman passing though this policy policy of enfor c ing competition be not unduly policy was Regulation was in its Maintenance of infancy lessened intermodal 37Koontz, 39Ibid (New consolida- approved condition for approval 38 0 virtual grounds monopoly of 039 In the late transportation devices were not 0 develop0 mature and the railroads now have extensive 40 York: Gray, Monopoly in America: 1955), p. _18. The Govern Macmillan Co., op. ciL, p. 260. 0 40Ibid. (Note: modes the transport indus seemed necessary to curtail the railroads Adams and Horace M. Promoter a adequate regulatory now more competition. 36Walter and a that of most states, has competition in based upon reasonable competition However, regulation is as has been relaxed to allow nineteenth century, the railroads had ment as well coordinations) the law has generally made At first this ed. as onsport Intermodal competition is competition between different as between railroads and trucks.) such |
