Word: cartelizing
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...accept his ECA associations uncritically. He has denounced Europe's capitalists as "cartel-ridden," attacked Point Four as "a Mad Hatter's race" ("Our billions will be wasted for lack of an existing entrepreneurial class in the backward countries"). He looks askance at Europe's Schuman Plan for pooling steel resources, considers it an incentive to "socialism...
...steel with German coal supplies, the Flick-De Wendel deal seems, at first blush, to hasten the pooling of Western Europe's heavy industry, which is the object of the Schuman Plan. Already, however, there are fears that it may create an international version of the old Flick cartel that the Allies had undone and Schuman Plan authority has promised not to reestablish...
...stop this bickering, a cooperative film management plan has been suggested. Directed by a board made up of representatives of all film-showing organizations, it would show all movies and split the profits between the groups. But, to make a bad pun, this seems like putting the cartel before the horse. Any piece of new machinery will fall apart as long as a spirit of cooperation between the components is not present. And if this sprits can come about, such a directorate is not necessary. Unless each group, then, realizes that the excesses of competition will end the opportunity...
...Washington this week, just as a grand jury was about to consider the Government's criminal case against five big oil companies* on cartel charges...
...ravenous tin appetite (for food containers, automobile bearings, welding), Simon I. Patiño. a cholo (half-Indian) from Cochabamba, parlayed an abandoned Bolivian tin mine into a fortune estimated at a cool $1 billion. His annual income used to surpass the government's. He formed a world cartel, bought heavily into Malayan tin, and lived abroad like an emperor, marrying his son Antenor to a niece of Spain's Alfonso XIII, his daughters to a French count and a Spanish grandee of such exalted lineage that he was entitled to keep his hat on while chatting with...