Battling Trusts Defines Difference between U.S. Right & Left
Battling Trusts Defines Difference between U.S. Right & Left
  • 미래한국
  • 승인 2012.02.06 14:43
  • 댓글 23
이 기사를 공유합니다

WASHINGTON=The degree to which huge companies can swallow up and wipe out the competition forms one of the longest-running economic and political debates in American history.

The contest between big business and big government has gone through countless phases of enforcement, of regulation, of deregulation and recriminations. The debate focuses on denunciations of the power of huge corporate interests and claims by their defenders that limiting their scope violates rules of free enterprise and ultimately works against the interests of millions who stand to profit by working for them or investing in them. 

The philosophy behind the anti-trust movement in the United States, from the 19th century to the early 21at century, would appear to contrast totally from that of the Korean leader widely credited with having done the most to lift South Korea from the depths of economic hardship after the Korean War. The late Park Chung Hee, during eighteen years as president, presided over a policy and programs posited in the need for leaders of the rising jaebol to dominate entire segments of business and industry. The idea was there was no need for companies to engage in cutthroat competition that might undermine if not destroy them and prevent Korea from rising as a global economic powerhouse.

Clearly competition did exist within major fields, but it was in this hothouse atmosphere that jaebol chieftains flourished and rose to unprecedented heights of wealth and power. Some observers now describe them, and their many descendants and relatives and heirs, as a new Korean "nobility." There is no question, though, that the "jaebol system," as it's also sometimes known, has had much to do with Korea's rapid growth, including the rise of a large middle class that in many ways forms the backbone of Korean society. 

Americans like to think of themselves as "middle class," but the rich-poor gap in the United States ranks as possibly the widest among countries that regard themselves as democracies with free elections. Much of this gap is the result of financial manipulations that have little to do with monopolies in industry and business, but regulators are constantly battling to keep huge companies from dominating their fields. The rise of the internet and electronic communications represents a phenomenon that no one envisioned when the Sherman act was passed, but the underlying issues remain the same.

Over the past 125 or so years, the anti-trust debate in the U.S. has essentially pitted right against left, conservatives against liberals. T he air is often filled with invective in which the right denounces the left as "socialist" if not "communist" while the left says the right represents the rich against the poor and middle class. Thus it should come as no surprise that the liberal Obama administration has sought to get tough in cases in which the Bush administration did away with or bypassed key rules and regulations. The whole issue comes up in the current presidential campaign with candidates for the Republican nomination unanimously accusing Obama of favoring a bloated bureaucracy that inhibits big business.

Leading the charge for the Obama administration is Christine Varney, assistant attorney-general in charge of the anti-trust division of the Justice Department. "We cannot sit on the sidelines any longer, both in terms of enforcing the anti-trust laws and contribution to sound competition policy as part of our nation's economic strategy," she warned in one widely quoted speech.

Conservatives, however, offer quite a different view. Alan Greenspan, the former federal reserve chairman, has suggested the Sherman act destroyed "new products, processes, machines" by "cost-saving mergers." The legacy of the Sherman act, he said, has been to keep "our standard of living lower than would otherwise have been possible." (Future Korea)

본 기사는 시사주간지 <미래한국>의 고유 콘텐츠입니다.
외부게재시 개인은 출처와 링크를 밝혀주시고, 언론사는 전문게재의 경우 본사와 협의 바랍니다.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 23
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
Clayton 2015-02-28 02:15:46
When do you want me to start? generic xalatan problems Army prosecutors said Bales acted alone and with premeditation when, armed with a pistol, a rifle and a grenade launcher, he left his outpost twice during the night, returning in the middle of his rampage to tell a fellow soldier, "I just shot up some people."

Chadwick 2015-02-26 16:07:09
Can I call you back? aripiprazole price philippines In the Greenburgh locker room, the Rangers insisted there really wasn창?혲t that much of a difference between systems installed by Vigneault and Tortorella. The team is doing more shot blocking than ever. Forechecking and backchecking are still forechecking and backchecking, the last time anyone noticed.

Darrick 2015-02-26 16:07:07
A pension scheme Generic Coreg Cr As I pointed out when I met him, if he was frustrated by the actions of some Muslim extremists who are causing fear and anger in the wider community, he has always had ready partners to talk with and work with in the Muslim community. There are a whole range of organisations and individuals who have publicly denounced those who claim to act in the name of Islam but harm others through threatening words or actions. In Birmingham alone, 300 Muslim organisations and individuals co-ordinated to ensure that the likes of Anjem Choudary were not given a platform in mosques, challenged in the streets if they made an appearance, and made clear their rejection of his trouble making and divisive rhetoric and behaviour. Whenever terrorist atrocities happen in Western countries, Muslims as citizens sharing the tube, city centres, work places etc are not immune   from the physical explosions as witnessed on 9/11 and 7/7, but are also subject to the physical and psychological backlash when they are collectively blamed for it. So the idea that Muslims in Britain are indifferent to or do not care about the threat Islamic extremists pose is beyond laughable.

Rolland 2015-02-26 16:07:05
Could I   order a new chequebook, please? bimatoprost online Monteith 창?혬 born in Calgary, Alberta, and raised in Victoria, British Columbia 창?혬 had invited three friends, two women and a man, to his 21st-story hotel room Friday evening and left with them for a night on the town, police said.

Geraldo 2015-02-26 16:07:03
I have my own business buy aripiprazole Analyst Fabian Wenner at brokerage Kepler Cheuvreux saidFranz fitted the demands of Roche's family owners by being aGerman speaker with the right cultural connections, but therewould be questions over his depth of knowledge of the drugsindustry.