Word: cartelizing
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...Petroleum Exporting Countries. The U.S. tried to weld consuming countries into a bloc that would reduce oil imports and accelerate development of alternative sources of energy, with the aim of shrinking OPEC revenues enough to prod some of its 13 member nations to cut prices, thus dissolving the cartel. The strategy seemed justified: OPEC's quintupling of prices since late 1973 has aggravated both inflation and recession in industrialized countries. But the attempt simply did not work, and now the policy is being quietly shelved. The U.S. Government has decided that it cannot beat the cartel and that...
Moreover, OPEC has proved remarkably resilient because its members are well aware that their power to fix prices lies in their ability to maintain a united front. Thus cartel members have been able to hold traditional animosities in check-at least so far. Iran and Iraq managed to settle a long-smoldering border dispute, and radical Algeria fell in line behind Saudi Arabia's moderate pricing policies when the Saudis presented Algeria with a generous loan. Un-gluing OPEC, if it could still be done at all, would require extraordinarily disruptive measures by the U.S.; for example, actively fostering...
...looked like Carlos-or did he? He talked like Carlos-or did he? He said he was Carlos-and then that he was not. At the end of the OPEC affair, one major question remained: Was the man who led the raid on the oil cartel's headquarters the terrorist known variously as Carlos and "the Jackal"? French intelligence was convinced that the leader of the attack was another person and that Carlos had been killed earlier by other terrorists. Israeli agents speculated that there might be not one but four Carloses...
...more than 100 cases, the trustbusters have taken on industrial giants of both European and U.S. origin, including Kodak (for price fixing) and Pittsburgh Corning (for charging widely different prices in neighboring countries). EEC regulators have forced the dissolution of a price-fixing aluminum cartel, broken up a sugar price-fixing arrangement, and punished with a $200,-000 fine the Italian subsidiary of New York-based Commercial Solvents Corp. for refusing to sell anti-TB drugs to an Italian company that had resisted a takeover bid. Some 40 department detectives now show up without warning at company offices throughout...
...synthetics would be similarly foolish, for it would impede technical progress. The poor may even be disappointed by the results achieved by new cartels. Unlike petroleum, other raw materials face tough competition from substitutes, synthetics and recycling. If bauxite becomes too costly, other materials can be used to replace aluminum; containers, for example, may be made from tin or glass instead. Moreover, as a cartel drives up the price of a commodity, at some point it becomes