Cartels: Challenge to a Free World by Wendell Berge
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Written amid the Second World War, this is a prosecutor’s plain-spoken brief against the international cartels — and a defence of competition as a pillar of free society. Uncommonly readable economics.
Description
Wendell Berge spent years as one of the United States’ chief antitrust prosecutors, and this 1944 book is his answer to the question that overshadowed the postwar world: how had a handful of international cartels and monopoly groups come to divide up whole industries among themselves — and what had it cost ordinary citizens? He shows cartels at work across chemicals, steel, rubber, and armaments, and argues that monopoly, left unchecked, does not merely raise prices: it freezes progress and serves the enemies of freedom.
The book is short, forceful, and unmistakably practical — a working prosecutor’s anatomy of how monopolists reward one another, share markets, and crush the newcomer, written for citizens rather than specialists. Its arguments, made three-quarters of a century ago, remain startlingly current in every debate about competition and concentration today.
Why readers still come back to it
- A landmark antitrust classic from the Roosevelt-Truman era
- Case studies of how cartels divided world markets among themselves
- Clear-sighted economics, written for the general reader
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