It is not really clear in this book that the basis of the New Deal was emergency workfare, reduced workweeks, promotion of both collective bargaining and cartelism
to raise wages and prices and, with the partial demonetization of gold, to induce modest inflation.
He added: "This is good news for consumers that concerns I have voiced for some time about cartelism
now are being taken seriously.
Protectionism regime has also disadvantage in its implications for the consumers who are deprived of choices, and forced to endure the afflictions of cartelism
, due to the state-patronised monopolies.
Distributing codes of cartelism
and collective bargaining were supposed to raise prices and wages, profits and incomes.
Maher & Nancy LaMont also argued that the Act made changes in the antitrust treatment of joint ventures, in their article National Cooperative Research Act of 1984: Cartelism
for High-Tech Ventures (and Others?
in agriculture and industry boosted their producer prices without costing them anything but their individualism.