bill turner took a cut of fifteen dollars no more overtime nor the price of shoe nor the price of food local bills local to cut and take home pay was on everybody's mind other local felt the same way and the union asked for an increase of two dollars a day the companies claimed they were unable to clear unless let's take a look at a refrigerator that retailed at one hundred sixty nine dollars in one hundred thirty nine here's where the money went wrong materials and the pretty agent advertising distribution costs and profit manufacturers profit against all this are the production labor costs seventeen dollars and forty cents  nineteen thirty nine the margin of profit had increased o p a grant of an increase of seven dollars and seventy seven cents the workers were producing more per hour and saving the company an estimated three dollars sixty six cents per refrigerator the you see demand of two dollars a day but only mean four dollars and thirty five cents more in labor call even with this increase the federal trade commission estimated that in the first year of full production profits on refrigerators would be nearly seven million dollars more than in nineteen thirty nine furthermore the companies were in possession of tremendous wartime profits no prices did not have to go up except for the greed of the companies another company propaganda angle was that wage increases would cause inflation because the workers with their war bonds would have too much money here again you had the facts our government surveyed tells the truth about which families have what saving nearly two thirds have only seven percent of all this is held by ten percent of the people in other words the majority of people have so little that a week or two of  employment or an illness wipes out the savings as bill pointed out the layoffs during reconversion and the reduction in take home pay big trouble to millions of families even if they were not producing president roosevelt called the bill relief for the greedy not for the needy in effect an end to the labor congress gave a huge strike fund to big business no wonder you're a president fitzgerald had to report no progress on his wage negotiations electrical manufacturers and refused to bargain in good faith and out of the basic industr to such as are the one steel the employer is tough and on reasonable as bill murray says there is a conspiracy by big business against american democracy to understand this conspiracy we must remember what happened after world war one in nineteen ninety at that time to meet the high cost of living trade union in two years one third of the membership was  big business was in control and ran the gov it brought us tonight dean twenty nine roosevelt is dead and they reactionary congress has taken no big business think they can repeat ninety nine d we in the cia all want industrial c but of big business wants to take america for a ride again we intend to fight the plant where bill worked employed fifteen thousand people it was only one of the general electric network employing one hundred twenty five thousand workers westinghouse employed seventy five thousand general motors electrical division twenty five thousand together they control fifty percent of the industry and in december one thousand and forty two the department of justice brought generally like brick and westinghouse willfully and feloniously conspiring combining confederate and agree to gather today from the united states by making collusive fraudulent identical and noncompetitive bid and unreasonably high price but this is not all edified of war these companies operate internationally through subsidiaries stock participation and cartel agreements with various other compan internationally as well as nationally profit big but the battle with general electric group agreement sums the price of tungsten carbide from fifty dollars a pound to four hundred fifty three dollars a pound that's more not fully priced kept the production low the united states government cracked down with a criminal ind where does this money come from a part of what bill and the e u we had to face these companies have powerful connections in other industries which were also fighting the labor movement the nature and power of these connections staggers the imagination i think general electric for example its total assets are five hundred forty three million dollars over half a billion that's a lot of money yes general electric is a big company yet here it is in scale as one of thirteen industrial companies including u s steel which are controlled by the j p morgan interest plus twelve utility companies including american telephone and telegraph plus eight railroads plus three major banks morgan interests control a total of thirty one billion dollars through these companies alone thirty one billion dollars it's so much money it's impossible to think of it suppose it was laid out by the end of a block of four hundred you could pick up seventy eight thousand dollars and about what to pick up the rest of the thirty one billion dollars you'd have to want to clear out around the earth one quarter time and it would take you four hundred years on a forty hour week yes the morgan group is powerful it took the power of the united states government even  find out these facts and sense our taxes paid for this investigation let's get our money's worth morgan is the largest group that there is the drawn on group of the melon interests which have westinghouse dupont with general motors and then there is rockefeller and three other groups making up a grand total of some eighty two billion dollar assets in nineteen forty five exclusive of government owned plans which they are now busy buying up these assets represent control over plants railways banks and most important of all jobs eight groups dispose of over thirty percent of all the assets in the united states these eight groups operate through a screen of one hundred six corporations and some idea of their power can be had by seeing in scale how many firms own the rest these two hundred fifty thousand corporations and exclude the million odd small businesses in america eight groups control the american economy not only because of their concentration of wealth  through their strategic ownership of basic industries every consumer and every businessman in america hands over a percentage of their earnings to these eight groups without knowing it this is what is meant by big business this is what is meant by their control of the american economy big business is international there were similar groups in germany japan italy anglo priam holland belgium spain and smaller countries through colonial rule or sub serbian governments they control raw materials and markets and most of the world this is the big league in world business its name is imperialism it leads to war as hitler's story shows for hitler had a dream that his big business should dominate the world he called his greenie the new water war and big business was weakened during the war and today american big business is the stronger and they have a dream to dominate the world they call their dream the american century the american century means the century of big business instead of the century of the common people