Sentences with phrase «ruinous competition»

J. P. Morgan's answer to ruinous competition was to organize industrial trusts, huge business conglomerates that, in turn, evoked a more activist government to control and regulate them.

Not exact matches

After ruinous bouts of competition like this, rival railroad companies would agree to cooperate, pooling the business in certain areas and setting common rates.

In 1985 the then Intelsat director general Richard R. Colino wrote «While deregulation and free - market competition are suitable in some business environments, in others they can cause ruinous failures with devastating social implications if not carefully and effectively managed».

Any economist will tell you that unrestricted competition is ruinous to all involved.