Word: cartelizing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...argument was premised on two facts: 1) the U.S. cannot break cartels by trying to force the Sherman Anti-Trust Act on the rest of the world; and 2) foreign businesses engaged in cartels are strongly supported by their Governments. Perkins believes that much of the U.S. righteous indignation about cartel agreements is phony; that this country not only basically wants cartels, but sooner or later "the pressure of circumstances will tend to make us accept cartels because other nations accept them...
...fight for a freer economy should go on with less vigor. But if the fight is to get anywhere, Americans must operate realistically, and "not in the fairyland of our own oratory." As a realistic start, Perkins suggested that the U.S.: 1) pass a law requiring registration of all cartel arrangements; 2) set up a Board of International Trade to review and pass on the validity of the registrations; 3) allow the board to pass on all international commodity agreements. He concluded that thus, "where we cannot eliminate the cartels, we must gradually perfect new ways to make them into...
...President J. Howard Pew attacked the Anglo-American oil agreement as a cartel. "What is this," cried he, "but a cartel? Such arrangements in international trade are exactly what we call at home monopolistic practices or combinations in restraint of trade...
...Ohio's Senator Robert Taft also attacked the oil agreement. Said he: "While one department of the Administration was cracking down on cartels, another was setting up what might be the biggest cartel of all time...
...182John W. White, president of Westinghouse Electric International Co., asked: "Is there a common acceptance of a definition of what the word cartel means...