The Triumph of Conservatism

Now, it would be reasonable to wonder if Carnegie is just lying about trusts being ineffective and nothing to worry about. The book The Triumph of Conservatism presents data that seems to indicate trusts were in fact failing to control their respective industries and bar new entrants during the 1890's and 1900's, and only started succeeding after a lot of new regulatory institutions come into being across the WWI years.