Word: cartelizing
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...supranational character of the European community of coal and steel." ¶"The creation of a market of 150 million consumers and the common use of coal and steel resources." ¶"The elimination of restrictive cartel practices and excessive concentration of economic power . . . The Schuman Plan can [substitute] for the barriers of the past,which have divided and impoverished us until the present, common rules accepted by all... for the common good...
This week's agreement would not have been possible without U.S. pressure. The last big obstacle had been raised by German industrialists who did not want to break up Germany's coal-steel cartels. The U.S. proposed a compromise. Its chief point: let the German mills keep ownership of enough coal mines to cover 75% of their needs. When the Germans balked, U.S. High Commissioner John McCloy threatened that if the Germans scuttled the Schuman Plan, he would impose even tougher anti-cartel measures. That...
...angry 56-page report, Senator Johnson pinpointed the main reason for the gouge: tin has been kept off the world market by an international cartel composed of Great Britain, Belgium, The Netherlands and Bolivia. Fearing overproduction (and low prices), the cartel held tin output to 165,000 tons last year, 49% less than in 1941. Inept buying by the Munitions Board, which tried to fill up the U.S. stockpile all at once, gave speculators their big chance. Stormed Johnson: "The tin price gouging by some of our oldest international friends is entirely devoid of morality." He urged the Government...
French sponsors of the Schuman Plan and American cartel-busters told a six-nation conference in Paris that the big combinations of Ruhr coal & steel producers must be broken up before the Plan can be put into effect. The German industrialists, supported by the German Socialists and trade unions, argued that the old cartel arrangements were economical and efficient, that any change would give...
...syndicate of seven companies, Sir Ernest also controls 95% of the world's supply of diamonds, and sees to it that the supply is always less than the demand. As always, war and inflation are now swelling the demand for diamonds, and Sir Ernest's cartel has opened up two idle mines to step up production. The wholesale price of gem diamonds has risen 20% in six months, and U.S. rearmament has sent the price of industrial diamonds (vital for cutting tools) soaring 100% since Korea. Not only capitalists buy diamonds; an "unknown buyer" thought...