India’s political democracy was built on political payments. ‘Speed money,’ shakedowns, and gaining illegal access to wealth—known as ‘black money’—o… - Neil H. Jacoby

Because some conglomerate, and other, mergers have proved to be unsound and failed. It has been proposed that government should prohibit such mergers. But there is no feasible way to identify bad mergers in advanced; only time and the test of market competition reveal them.

The multinational corporation is, beyond doubt, the most powerful agency for global economic unity that our century has produced. It is fundamentally an instrument of peace. Its interest is to emphasize the common goals of peoples, to reconcile or remove differences between them. It cannot thrive in a regime of international tension and conflict. The instrumentality of multinational business is man’s best hope of achieving political unity on this shrinking planet.

Modern management science has made it feasible for corporations to expand the scope and variety of their operations. It has created new economies of scale through which larger aggregations of men, materials, and funds can be efficiently deployed and controlled over larger areas.