Professor Hazlett Writes of the Passing of Ma Bell
Professor Thomas Hazlett, in a Financial Times article, writes of the implosion of AT&T, the most widely held stock issue in the United States, as the forces of modern capitalism took their toll on the aging giant.
Ma Bell RIP, Financial Times, December 6, 2005. By Thomas Hazlett.
"The controversial 1960s comic Lenny Bruce reputedly once puffed "communism is a drag, man - it's like one big telephone company." Decades later, the collapse of the Iron Curtain suggested that the phone company had outlived its totalitarian counterpart. But with the close of trading last month, the remnants of American Telephone & Telegraph were laid to rest in that shared dustbin of history, and virtually no one shed a tear for her passing."