Word: cartelization
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Dates: during 1940-1949
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West Coast Congressmen charged down on WPB. From Washington's Senator Homer T. Bone came dark mutterings of an "international cartel" seeking to throttle the new industry. But the situation smacked less of an international cartel than of an international aluminum surplus...
...agencies for approximately ten years. They have been before several committees of Congress. . . . The action of the Department of Justice at this particular time in our war effort is difficult to understand." New Reason. There was ample evidence that the suit had little to do with the war. As cartel charges go, these were picayune. Even the favorite Justice Department theme, that cartels slow down the war effort, was soft-pedaled. And the Department readily admitted that the case would not be tried for a year or two, well after the war will presumably be over. Only in the light...
...deal has yet been made: the U.S. giants still righteously maintain that the only thing that keeps them from showing more British pictures is that there are not enough worth showing. Up to now, the cock-of-the-walk U.S. industry has had no reason to be cartel-minded, because it has had no really formidable international competition. But as Morris Ernst puts it: "Develop a giant to deal with a giant." If & when he can produce the pictures, J. Arthur Rank looks like a likely giant...
...Monopoly. The attitude of many a cartel-minded British bigwig, Benton reported, was epitomized by Lord McGowan, chairman of the potent Imperial Chemical Industries Ltd., and a director of General Motors, who said naively: "I see no hope for collaboration between British and American business unless the U.S. repeals its Sherman antitrust act. Can we in England look forward to that...
...under the Council to knit Europe into an economic whole. Key transport would be under central control; no more tariffs would be permitted within Europe, although each nation could still determine its own trade policy toward the rest of the world. Europe would have a central bank, investment authority, cartel policy, etc., all aimed at a common (not uniform) economic life...