CARTELS: Fairyland of Oratory

If the U.S. is to live in harmony with the rest of the world after the war, it must face the fact that international free competition is dead—it must join international economic cartels and make them serve the public interest. This unpopular opinion, directly opposed to that of the Administration,* was expressed in the November Harper's by New Dealing Milo Perkins, onetime executive director of the Board of Economic Warfare and heretofore a staunch advocate of free enterprise.

His argument was premised on two facts: 1) the U.S. cannot break cartels by trying...

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