Word: cartelism
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...billion, which the British would accept only if they had plenty of time to pay and if interest rates were low or merely nominal. The U.S., anxious to get partner Britain back on her feet, had conditions, too: 1) modification of Britain's pro-cartel policy; 2) scaling-down of Britain's debts by the countries of the sterling group; 3) relaxation of Empire trade preferences...
North American Philips is an invasion force, one of the newest arms of Holland's rich, world-powerful N. V. Philips Gloeilampenfabrieken (Incandescent Lamp Works Co.), of Eindhoven. Back of North American Philips are $250 million in assets, brains, familiarity with cartel pricing agreements and patent pools that in a generation made Philips of Eindhoven virtual master of Europe's radio and light-bulb industry. N.A.P., born in 1942, is already a tough baby...
...Philips stayed on its neutral feet. In 1919, it began its characteristic way of doing business. The first was an exclusive cross-licensing of light-bulb patents with General Electric. Then followed a truce with the German lamp trust, Osram, and the formation, in 1924, of the giant Phoebus cartel, to control the sale of lamp bulbs throughout the world. This included companies in Britain, France, Germany and Japan, and American-owned foreign companies. Phoebus "stabilized" prices at a high level, roughly four times higher than...
...Senator Harley M. Kilgore, sweating and aggressive, paraded official witnesses before his subcommittee on war mobilization. His aim was to compile information for anti-cartel legislation. What emerged was proof that industrial Germany had been neither defeated nor destroyed, and that only a strong Allied policy could keep down the German will...
Other tactics were more obscure. Records of technological and research advancements were destroyed or carefully hidden. Nazi laws forbidding export of capital were eased to permit German industries to build up assets abroad. German industrialists hoped to strengthen themselves through international borrowing and cartel agreements, weakening the will of the Allies to take punitive measures...