Talk:Lecture 6
From CSEP590TU
Lecture 6 Discussion
Comment on Cartels
Mr. Maurer had a great lecture tonight and I'd like to comment on one thing. When talking about Cartels, it was said that "courts bought the argument until 1911" that Cartels were needed. It was said in such a manner that implied that it was never needed. However, when you look at the predatory pricing of the railroads, it was clear that some collusion would be beneficial. In fact, that is why the industry (not just the populists!) called for the creation of the Interstate Commerce Commission in 1887. The government was called in to, basically, help make a cartel.
