28 May '11, 9pm

Atlas Hugged: Cooperation Is Key to Free Market Capitalism #csr #neweconomy

Atlas Hugged: Cooperation Is Key to Free Market Capitalism #csr #neweconomy

Atlas Hugged: Cooperation Is Key to Free Market Capitalism In his State of the Union Address on December 2, 1930 , as the nation was reeling from the Great Depression, President Herbert Hoover railed against monopolies. Calling on Congress to look into the economic inner workings of antitrust laws, Hoover asserted that "competition is not only the basis of protection to the consumer, but is the incentive to progress." COOPERATION: THE OTHER SIDE OF THE CAPITALIST COIN Indeed, competition in the free market not only leads to the best possible products, but also maintains consumer-friendly prices. In a competitive marketplace, the consumer wins and the companies that have helped get those consumers what they want and need are duly rewarded. But President Hoover also talked about the other side of the capitalist coin -- cooperation. "Recovery can be expedited and its effects ...

Full article: http://www.justmeans.com/Atlas-Hugged-Cooperation-Is-Key-...

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