Toledo: Mired in Mergers

The laissez-faire attitude of the Reagan administration unleashed a wave of corporate mergers, takeovers, and buyouts that has made some financial whizzes wealthy, transformed the face of American business, and wreaked havoc with many industrial cities in the Midwest and Northeast. We have allowed this wave of takeovers and buyouts to sweep across America with such speed that we can hardly keep up with the new names of businesses, let alone understand its impact upon society.

We do kno...