2. Associations for the purpose of resisting labor unions are possible without combinations of capital.
II. Combinations of capital are a social evil, for
A. They encourage gambling and speculation, for
1. They practice “watering stock,” for
a. (Cite a number of specific instances.)
2. They inflate or depress the value of stocks at will.
B. They concentrate wealth in the hands of a few men, for
1. John D. Rockefeller gained his immense wealth from the Standard Oil monopoly.
2. (Cite several other specific examples like the above.)
C. They discourage individual enterprise, for