The Speculation Economy

ONE THE PRINCIPLE OF COOPERATION

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The creation of the giant modern American corporation was not a slowly evolving process. Individual proprietorships, partnerships and corporations gradually grew in size and number throughout the Industrial Revolution of the nineteenth century. But what we have come to know as the modern American corporation, the giant, publicly held corporation, appeared in a flash. America collectively turned around one day and was staring at the balance sheet of U.S. Steel.¹

THE GIANT MODERN CORPORATION

The large corporation ...