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Utopian critics reject both capitalism and authoritarian socialism and seek to establish new social orders based upon different human values.They bel… - Neil H. Jacoby
" "Utopian critics reject both capitalism and authoritarian socialism and seek to establish new social orders based upon different human values.They believe that human nature can be radically changed. Individualistic striving for material gain is to be replaced by cooperative efforts to elevate the moral and cultural character of society. Wealth and income are to be shared according to need rather than according to productivity—an ideal not yet realized in any of the socialist countries. American-style capitalism and Soviet-style socialism equally err, they contend, in having hierarchical structures and in stressing material rewards; the difference between them are not significant.
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About Neil H. Jacoby
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
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N. H. Jacoby
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One hallmark of a competitive market is that new firms are able to—and do—enter it… The key economic consideration is the relative difficulty of overcoming the barriers to entry, which can be measured by the advantages of established firms in the industry over potential entrants. In general, the relative difficulty of entry into any industry is determined by the amount of capital required for an efficient scale of operations,…
The largest corporations, like companies of lesser size, are a changing rather than a static group. Their annual turnover rate reflects the rise or decline of management and the vagaries of business fortune. Of the hundred largest industrial corporations in 1909, only thirty-six remained on this list in 1948. And, of the top hundred companies in 1948, only sixty-five continued to hold this ranking in 1968.
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The postwar tendency of foreign governments to intervene directly in the regulation of petroleum production and pricing contrasts sharply with the laissez-faire policies followed up to World War II. Formerly, rates of output and prices were almost entirely within the discretion of the private oil companies.
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