Vladimir Ilyich Lenin

NOTEBOOK “β”

(“BETA”)


TSCHIERSCHKY. CARTEL AND TRUST

Dr. S. Tschierschky. Cartel and Trust (A Compara-
   tive Study of Their Nature and Significance
), Göttingen,
   1903 (p. 129).

(Little of value. Bourgeois prattle in favour of cartels—German, our own, toned down—against trusts)....

A most commonplace petty-bourgeois, this author. A “practitioner” was employed by syndicates and cartels.

p. 12, par. 1. The American rectified spirit trust closed down 68 of the 80 factories it had bought up.

p. 13: The United States Steel Corporation
    has “almost one-third of a
   million workers
”.
13 million
workers

Its capital (1902) shares= $800 million a model!!
loans= $553  ”
Output: iron ore 13.3 million tons
coke 9.1  ”   ”
pig-iron, etc. 7.1  ”   ”
steel 9.0  ”   ”[1]
bars 1.7  ”   ”
etc.

p. 19—cartels and trusts developed “since
   the last third or quarter of the
   nineteenth century”.
p. 31—one weaver in the United States
   looks after 16 looms (Northrop
   looms, an improvement of 1895).
p. 56—...“The idea of the cartel is no more
   than the application to modern
   industrial production of the modi-
   fied co-operative idea”....
last 13 or
14 of the
19th century
ha-ha!

“Conclusions”

...“On the basis of my investigations up
now, I have no doubt that the trust
embodies the advantages, but to a still
greater extent the disadvantages, of capi-
talist large-scale industry, in the sense
of an unceasing and reckless urge to go
forward, whereas the policy of the cartel
much more strives to bridle and to distrib-
ute. If the world market were dominated
by great national trusts, it would expe-
rience far-reaching struggles over prices
and sales, carried to the sharpest ex-
tremes.... In this connection, the cartels can
and should be as much concerned for tech-
nical and economic progress as free compe-
tition is; perhaps they will not accelerate
it precipitately as the trusts” (128).[2]
character-
istic!
(rather
cowardly!)
!!!
not
accelerate!!!

Notes

[1] See present edition, Vol. 22, p. 203.—Ed.

[2] See present edition, Vol. 22, p. 216.—Ed.

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