Although the media editorials have roundly condemned corporations for making political contributions at home and abroad—payments which were legal in … - Neil H. Jacoby

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.

Because internal corruption is endemic to the communist system, it ineluctably conditions privileged elite to the habits of corruption in their external relations with other communist officials in the Eastern bloc countries and with the Western and Japanese businessmen who negotiate with the state enterprises.

During 1968, more than forty-four hundred companies disappeared by mergers involving an estimated $43 billion in securities—an all-time record. In this tidal wave of mergers, which subsequently crested and receded, conglomerate firms accounted for either a substantial or a preponderant fraction, depending upon the definition of ‘conglomerate’ adopted.