Changes

Jump to navigation Jump to search
5 bytes added ,  19:14, July 30, 2011
Line 24: Line 24:     
=== The Anti-dog-eat-dog Rule ===
 
=== The Anti-dog-eat-dog Rule ===
−
James probably thought that he could forestall the project by rendering it unnecessary, so he personally lobbied his friends in the National Association of Railroads in [[Washington, DC]] for the passage of a new industry regulation, known as the Anti-dog-eat-dog Rule, under which a competitor would not be allowed to take "unfair" advantage of another competitor who was already the first to provide service to any given region. In short, the first railroad in any region would be the guaranteed [[monopoly]], and [[rate war]]s (which in real life led to Pyrrhic victories of some railroads over others) would not be allowed.
+
James probably thought that he could forestall the project by rendering it unnecessary. So he personally lobbied his friends in the National Association of Railroads in [[Washington, DC]] for the passage of a new industry regulation, known as the Anti-dog-eat-dog Rule. Under that Rule, a competitor would not be allowed to take "unfair" advantage of another competitor who was already the first to provide service to any given region. In short, the first railroad in any region would be the guaranteed [[monopoly]], and [[rate war]]s (which in real life led to Pyrrhic victories of some railroads over others) would not be allowed.
    
The passage of that Rule forced Taggart Transcontinental's one remaining competitor along the Rio Norte Line, the Phoenix-Durango Railroad, to cease operations within nine months. Dagny encouraged the owner of the PDRR to fight the Rule, but he would not, and even suggested that he was going to retire.
 
The passage of that Rule forced Taggart Transcontinental's one remaining competitor along the Rio Norte Line, the Phoenix-Durango Railroad, to cease operations within nine months. Dagny encouraged the owner of the PDRR to fight the Rule, but he would not, and even suggested that he was going to retire.
12,071

edits

Navigation menu