In the Introduction, Patrick Newman summarizes Rothbard's central thesis: "Big business had previously tried to cartelize
on the free market around the turn of the 20th century, but had failed to do so.
154) In the 1950s and 1960s, major American electrical equipment manufacturers grew to cartelize
dozens of individual product markets as "[t]he experience of one conspiracy was often transferred to another.
A second and somewhat more provocative conclusion was that some of the most controversial elements of the New Deal, such as the National Industrial Recovery Act, were expansionary, rather than contractionary, as the conventional wisdom held at the time, but the act included temporary but highly controversial policies like allowing firms to cartelize
to prop up prices, in violation of reigning antitrust laws.
Command-and-control regulations can be used to raise rivals' cost, to block competitive entry, and to cartelize
markets (Yandle 2013).
This is the same FDR who gave us the National Recovery Act, an attempt to cartelize
industry and protect big businesses from the nasty unpredictability of competition.
In addition to this, the current 10 percent threshold narrows down the political domain, helps some parties cartelize
and prevents various circles of the society as well as new political movements from being represented in Parliament, hence it hinders political participation.
Although it eventually was overturned by the Supreme Court, its purpose was to cartelize
industry and limit competition so that businesses could raise their prices.
5) Criminal monetary fines levied on corporate defendants thus provide no direct incentives for boards of directors to implement sufficiently effective compliance measures to counteract the powerful economic incentives to cartelize
They mainly served to cartelize
industries for the benefit of producers at the expense of consumers, through controls over prices and market entry that involved implicit economic transfers and opportunity costs but few outright expenditures.
61) Expertise is hard to come by for a mission that should never be undertaken in the first place--to cartelize
The Great Depression's National Industrial Recovery Act viewed excessive competition as the cause of falling prices and, as Harold Cole and Lee Ohanian point out (2004), it attempted to cartelize
firms comprising four-fifths of private nonagricultural employment.
After all, the basic premise of labor law is that workers can earn a license to cartelize
some particular labor market.