Dr. S. Tschierschky. Cartel and Trust (A Compara-
tive Study of Their Nature and Significance), Göttingen,
1903 (p. 129).
(Little of value. Bourgeois prattle in favour of cartels—German, our own, toned down—against trusts)....
A most commonplace petty-bourgeois, this author. A “practitioner” was employed by syndicates and cartels.
p. 12, par. 1. The American rectified spirit trust closed down 68 of the 80 factories it had bought up.
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p. 13: The United States Steel Corporation has “almost one-third of a million workers”. |
1⁄3 million workers |
| Its capital (1902) | shares= | $800 million | a model!! | ||||
| loans= | $553 ” | ||||||
| Output: | iron ore | 13.3 | million tons | ||||
| coke | 9.1 | ” ” | |||||
| pig-iron, etc. | 7.1 | ” ” | |||||
| steel | 9.0 | ” ”[1] | |||||
| bars | 1.7 | ” ” | |||||
| etc. | |||||||
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p. 19—cartels and trusts developed “since the last third or quarter of the nineteenth century”. p. 31—one weaver in the United States looks after 16 looms (Northrop looms, an improvement of 1895). p. 56—...“The idea of the cartel is no more than the application to modern industrial production of the modi- fied co-operative idea”.... |
last 1⁄3 or 1⁄4 of the 19th century |
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| ha-ha! |
“Conclusions”
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...“On the basis of my investigations up now, I have no doubt that the trust embodies the advantages, but to a still greater extent the disadvantages, of capi- talist large-scale industry, in the sense of an unceasing and reckless urge to go forward, whereas the policy of the cartel much more strives to bridle and to distrib- ute. If the world market were dominated by great national trusts, it would expe- rience far-reaching struggles over prices and sales, carried to the sharpest ex- tremes.... In this connection, the cartels can and should be as much concerned for tech- nical and economic progress as free compe- tition is; perhaps they will not accelerate it precipitately as the trusts” (128).[2] |
character- istic! (rather cowardly!) |
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!!! not accelerate!!! |
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[1] See present edition, Vol. 22, p. 203.—Ed.
[2] See present edition, Vol. 22, p. 216.—Ed.
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