Cartel Troubadour Schedule

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Did You Know?

Cartels were the structure the American Anti-Trust-campaign struggled to ban globally.Tony A.Freyer, Antitrust and global capitalism 1930-2004, New York 2006; Wyatt C.Wells, Antitrust and the Formation of the Postwar World, New York 2002.A distinction is sometimes drawn between public and private cartels, though there is no evidence that Public Cartels are less harmful to the general good, and being Government backed they are much more effective and hence potentially harmful.

by reducing competition.One can distinguish the private cartel and the public cartel.

The provisions of paragraph 1 may, however, be declared inapplicable in the case of:- any agreement or category of agreements between undertakings,- any decision or category of decisions by associations of undertakings,- any concerted practice or category of concerted practices,which contributes to improving the production or distribution of goods or to promoting technical or economic progress, while allowing consumers a fair share of the resulting benefit, and which does not::(a) impose on the undertakings concerned restrictions which are not indispensable to the attainment of these objectives;:(b) afford such undertakings the possibility of eliminating competition in respect of a substantial part of the products in question.

In the case of public cartels, the government may establish and enforce the rules relating to prices, output and other such matters.Export cartels and shipping conferences are examples of public cartels, as well as labor unions.

Other well-known examples include:Seven Sisters refers to seven multinational oil companies that dominated mid 20th century oil production, refining, and distribution.Organization of the Petroleum Exporting Countries (OPEC): As its name suggests, OPEC is organized by sovereign states.

Cartels have also played an extensive role in the German economy during the inter-war period.