Word: cartellization
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...annual coal outputs, totaling 220 million tons, and steel outputs, totaling 38 million tons; by making products salable, tariff-free, in a market of 155,000,000 people; by making labor fluid, free to meet manpower supply & demand without passports; by sinking Europe's traditional tight little cartel islands which hold production down-by doing these things the Schuman Plan can liberate the European economy...
Even though the wives seem to thrive on it, some still yearn for the day when "everyone could just get together in a sort of secret cartel on ambition." FORTUNE itself puts in a plug for the "ornery wife," thinks the "integration" has gone too far. "Conformity," says an editorial on the survey, "is being elevated into something akin to a religion." But there are still companies that will have no part of it. Says one auto executive: "Wives' activities are their own business. What do these companies want for their $10,000? Slavery...
...selling price, Symington argued that the tin barons and not the workers got the benefits of high prices. (Average Bolivian income is 1/40th of average U.S. income.) Furthermore, the higher the price of tin, the less the Bolivians produced. Like the rest of the tin producers, the cartel-minded Bolivians are primarily concerned with avoiding overproduction. From 42,290 tons of tin concentrates in 1945, Bolivian production fell to 31,000 tons last year...
...reputation as the "official" government news service soon became an added handicap, and by 1926, Sir Roderick was forced to sell a controlling interest in the agency to Britain's provincial papers. Its troubles increased as A.P. Boss Kent Cooper expanded his international service and broke up the cartel run by "Reuters Rex," Havas (the French agency) and Wolff (German), which had divided up the world...
Price Gouging. This was not all the fault of the U.S.; many a producer used the shortages to do some price gouging. The most conspicuous example is tin, controlled by a cartel run by tin men of Great Britain, Belgium, Holland and Bolivia. After Korea, tin jumped from 78¾? a lb. to $1.82, forcing the RFC to step in and do all the buying for the U.S. Said RFC Administrator W. Stuart Symington: "They murdered us on prices." To stop the slaughter, RFC went on a buyers' strike in March, and tin settled to about $1.50. Two weeks...