Word: cartelizing
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...married a beautiful but dumb member of one of Germany's best cartel families-pure bourgeois and pure Prussian. Contact with the average middle-class German mind was such a shock that I was practically forced to make a study of history and of international relations. At that time the average German people suffered from a fanatical inferiority complex owing to the fact that, historically, they came on the scene too late to grab choice colonies...
Arde Bulova, whose company sells more jeweled watches than any other in the U.S., was wound up like a mainspring. It was the middle of his busiest season. And the Justice Department, looking into the American watch industry's dealings with the Swiss cartel, had made what he thought was an unreasonable request. It had asked Bulova, along with other U.S. watch companies, to turn over hundreds of documents concerning their business, and had set a deadline for last week. Said Arde Bulova: "I wanted to answer them very briefly and simply: 'Don't bother...
Bulova Watch Co. makes no secret of the fact that it does business with a cartel. Like other U.S. watchmakers who import Swiss movements, it has to; the Swiss passed a law in 1951 cartelizing their entire watch industry. Since 86% of all jewel movements sold in this country come from Switzerland (about 70% of Bulova's do), virtually every U.S. maker deals with the cartel. In doing so, the industry knuckles under to a tightly closed shop. The Swiss dictate how much watches are to be sold for, where they may be sold, and how many a manufacturer...
...reason why nobody has ever broken the cartel is that nobody has been able to compete with the Swiss in price. The cartel puts a tag of $4 on a 17-jewel movement; the U.S. tariff adds another $2.10. To make a 17-jewel movement in the U.S. costs $10.50. Higher duties narrow the price spread for 21-jewel movements. Therefore Bulova, biggest of the importers, has been forced into making only 21-jewel movements in the U.S. Although Bulova is the biggest U.S. manufacturer of jeweled watches, its production, along with the rest of the U.S. industry, has been...
Unceasing Repetition. Arde Bulova has worked out his own method of doing business with the cartel with one hand, and competing with it with the other. In Switzerland, where his company has a plant, he had to join the cartel; in the U.S., he has kept on top in a business noted for freewheeling competition...