Word: cartelism
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Having last fortnight (TIME, May 6) established a U. S. branch, Germany's I. G. Farbenindustrie last week strengthened its international position by adding the Swiss chemical industry to the European chemical cartel. For, though I. G. Dyes is not the entire German chemical industry, it does occupy a dominant position in its field, and growth of the cartel is reflected in prosperity at Frankfort. Prominence of Germany in the international chemical field is shown by the fact that cartel representatives, meeting in Paris, last week allotted 74% of the export trade to Germany, 17% to France...
Erma is the European Rail Makers' Association, a cartel which includes British, French, German, Belgian and Central European rail manufacturers. It was last week reported that U. S. railmakers were on the point of formally entering the cartel. Thus the cartel would no longer be European but International, thus Erma would evolve into Irma...
...participation in the rail cartel would be chiefly the official recognition of a working agreement which has for some time existed between U. S. railmakers and cartel members. U. S. industry on the whole has been somewhat wary about joining cartels, fearing prosecution under anti-trust laws. But the government is much more broad-minded concerning what U. S. industry may do abroad than concerning what it may do at home and one obvious method of meeting cartel competition is to become a cartel member...
...Apropos seemed an editorial of last week in the Deutsche Bergwerks Zeitung of Düsseldorf, a paper generally considered the mouthpiece of one of the German delegates at Paris, Dr. Albert Voegler, Member of the Board of the Ruhr Steel Cartel...
...fact is that M. Poincaré's present coalition of the Right-Center is not expected to hold together much longer. The potent Cartel des Gauches or Coalition of Left Parties-which went into eclipse when Edouard Herriot failed as Prime Minister to save the franc (TIME, April 20, 1925)-is now reviving with esprit and kudos under the leadership of Down-and-Outer Herriot, who may soon...