ABSTRACT
The organization of cartels is received with great enthusiasm among some men who call themselves conservatives and among others who call themselves socialists. Jean-Jacques Rousseau conceived of the Social Contract as a recommendation to a collective seigniory. Many socialists view the progress of cartels with pleasure, because they think that the state will sometimes engage in struggle with the feudal powers, and that the state will be forced to destroy them to enlarge itself. The German industrial cartels find themselves in direct contact with the government for the support that they give its foreign policy. The German cartels, especially in export agreements, can adapt much better to circumstances. The sacrifices the cartels may often make selling to the English consumers lower-priced products than those produced in England will not be lost for the future, since they constitute the best advertising imaginable for destroying the old prestige of British industry.
