ABSTRACT
A very large number of national industries have now been organized in the form of cartels and trusts or trusts within cartelization, cartels and trusts are simply copies made to order from existing models. These observations are applicable especially in the case of three of the staple English industries, which still lack concentrative organization: coal, iron and steel, and cotton. The difficulties experienced in effecting combination in coal, cotton, and steel all lead to the same conclusion. The endeavour to grapple with the problem from the side of the "form" of monopoly seems to have little chance of success. Cartels and trusts are not simply devices of industrial organization, but are implicit in certain very stringent and exclusive conditions which again are decisive not only as regards the formation of quasi-monopoly itself but also as regards its alternative forms. The feature of concentration remains the paramount force.
