Up before a House subcommittee last week strode the Federal Trade Commission's Lowell B. Mason. Under his arm was a new FTC report on the concentration of economic power in the U.S. Brooklyn's Congressman Emanuel Celler considered the 96-page report important enough to call his subcommittee into special session to hear it. What the committee heard was a collection of giant-sized facts.
At the end of 1947, Mason reported, almost half of the U.S. net capital assets was controlled by just 113 corporations. There were 13 industries in which better than 60% of...
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