Private Power Quotes
The problem he described in 1938 was “solved” over the next decade, but then arose again with the advent of the “military industrial complex” during the Eisenhower administration. Reform made things better and then it began to emerge again in the latter part of the 20th century. This problem seems to go through cycles of abuse and reform.
This is an interesting quotation because it shows that utilities and monopolies using their power and money to avoid effective pro consumer regulation is nothing new and was ongoing as soon as there were government granted monopolies that were supposed to be regulated.