Propaganda

Inter- commodity competition is the new competition between products used alternatively for the same purpose. Inter- industrial competition is the new competition between apparently unrelated industries which affect each other or between such industries as compete for the consumer’s dollar-and that means practically all industries.…

A merger may bring into existence huge new resources, and these resources, perhaps amounting to millions of dollars in a single operation, can often fairly be said to have been created by the expert manipulation of public opinion. It must be repeated that I am not speaking of artificial value given to a stock by dishonest propaganda or stock manipulation, but of the real economic values which are created when genuine public acceptance is gained for an industrial enterprise and becomes a real partner in it.

The only way to combat such unethical methods, is for ethical members of the industry to use the weapon of propaganda in order to bring out the basic truths of the situation.