ment. It is a dangerous movement.
Mergers are inimical to the national
economy, or may be, and particularl) to
the smeill business community, precisely
lo the extent thai they result in a
lessening of competition eiml in the
growth of monopoly. That such anti-competitive effects arc (lowing from the current merger activity cannol be denied.
The "iil\ question is the degree to which
tneleiv's mergers lessen competition eunl
create monopolies. Economic concentration creates a serious competitive problem, whether it results from a merger
between leaders in the industr) or from
a series of mergers among a group of
Tin' primary characteristic of the
merger movement now being experi-
1'iiiaal. however, i- lhe consolidation of
large companies. The soundness "I existing competitive conditions musl I"' epic--
tioned when, as i- happening frequently
ai ibis lime, iwo or more blue chip companies in' forced In merge in order to
compete more effectively wilh their greal
rivals—their giant rivals. What chance
for sun i\:il do the man) thousands of
smeill businesses have under such conditions?
In my opinion the outlook for small
business can only grow darker as the
strung get stronger through mergers and
thus increase their advantages over the
smeill. 'I he evils inherent in unrestricted
merger activity are serious. The) demand prompt eiml effective action to curb
the current trend toward economic con-
Every citizen, no matter how weak,
every business, no matter how small,
must be permitted to enter freely an\
market and once within to compete mi
just emd equal terms wilh those that are
already there. Only by such action can
the market place remain free .nul accessible and consequentl) beneficial to the
nation consumers, producers and merchants alike.
To curb tbe growth of monopoly
brought ahiiiii b\ mergers it is essential
that federal agencies responsible for
existing anti-monopoly legislation, more
aggressively enforce such legislation.
There are loopholes in existing legislation theii should he closed, and lhe 1955
session of Congress moved in that direction. More important though tlutn new
legislation is a conscientious effort to
enforce existing legislation. I nfortun-
ately, lhe Federal Trade Commission and
thc Department of Justice, the two agencies specifically charged with the respon-
sibility of enforcing anti-trust legi-lei-
tion, have been derelict in the performance of their duties.
In fact, this administration is so
greatly controlled by past employees of
big business anil so wrapped up in big
business philosophy that official sanction
has been given to a growing disregard
of the dangers of the merger movement.
and a growing disregard of legislation
already mi the books designed to prevent monopoly expansion. There must be
a correction of ibis situation if small
business is lo be given ample protection.
STATUS QUO PEACE
(Continued from Parte 'Ml
mendous successes by their "cold weir'
he Al firsl they won Eastern Europe and
ur parts of Asia, by crass violations of
their pledges eil 'i alta emd Potsdam.
Then they seized control of China. The)
probed in Korea, eunl were partially
turned back but this truce settlement
proved nol a defeat for them, hut a
basis for further success.
Their greatest -ingle achievement 1ms
come after the Korean truce, ll is the
tremendous success of their drive for
neutralization of potential enemies. 'I hey
have concentrated eill their efforts to
-plil eipeni ihe democratic free world alliance, eunl Iii -lice greal portions eiweiv
from it into lhe uncertain sialus of
neutrals. And their success in thi- has
lain truly sensational.
\n wonder lhe Communists ein- striving fm- "relaxation of ten-inn-" eunl
peaceful coexistence !
Every month lhal passes, their police
control over iln- slave-victims in their
satellites i- strengthened eunl made more
secure. Ever) conference thai is held
fesidi- ;„ either advancing their territorial L-ains. or in securing sonic added
measure of agreement from the free
u"Hd |„ |,.| them hold in peace whal
''icy bene alread) stolen. Every recent
development in the cold war heis added
lri the rush of uncommitted peoples
[pward neutralism. Whal can the Krem-
'"i pei--ihh conclude excepl lhal their
ixber. I"55 l'\< |v FORUM NEWS, Sovember, 1955
method is successful, and that they
slueulil continue it just as it is?
Very soon, now, the problems of Asia
are once again to be made the subject
of "negotiation"- first at Geneva, on
the ambassadorial level, and then at the
I nited \etliiilis.
Whal we must insist upon is that our
friends ineike doiihK emphatic lln1 policy
they bene repeatedly pledged themselves
to pursue namely, lhe liberation of
Wheil is lhe use or sense of talking
with the Communists about slill more
concessions l<> he made to them? Win
should lhe free world talk aboul giving
up Quemoy emd Matsu, or about the
steitus of Formosa, or aboul lhe possible
admission of Red China in the I nited
Nations? These are topics thai should
never even be raised for discussion.
The real problems in Asia are the
withdrawal of the Red Chinese aggressors from North Korea, eunl the abso-
lute ending of their aggressive thrusts
In Indochina. The basic problem is the
roll-back of the Iron Curtain from the
areas which it has illegally engulfed.
Peaceful coexistence would he no
problem il the Communists would withdraw lieuk into Russia whence thev
came; if they would slop living to undermine free peoples by infiltration, sub-
version, emd propaganda; emd if they
would start lo dismantle the huge war
machine by which free nations eire kept
under constant threat.
We are lold by some people lhat the
Communists also are' fearful of the free
world, ami that some or perhaps many
of their hateful measures are under-
teikin simply from a mistaken view of
the need for their own self-defense. If
thi- i- really ei feulor in their thinking.
I eun -ure that there will be no problem
in ".him: them sound reassurances.
In thc first place, it is a simple fact
that the democracies have an excellent
record for keeping the promises which
thev have made. All the Communists
need to do is to read the record, and
they will find tbat this is line.
In tbe second place. Presidenl Eisenhower h.i- convincingly demonstrated
ih.' desire of the 1 nited States tei live
in peace, if il eem lie done ill el manner
consistent with American ideals of decency and freedom. The Communist leaders themselves have indicated they accept these assurances.
NO SACRIFICE TOO GREAT
What wc have above all to fear is
our own In-- nf honest perspective, on
the free side of the linn Curtain. Too
easily, we accepl the status quo as
something already existing and forget
thai il represents ihe greatest evil force
of slave conquest in the entire history
of lhe world.
ll i- simple incredible to try te. make
"peace" with thc Communisl conquerors
on lhe hasi- of "leaving well enough
alone." We- have no alternative to making every sacrifice thai may he necessary
lo win the captive peoples back to freedom. No step -hurt of that is civilized.
No step short of tbat is even safe.