I dont want to turn this into an economic forum, but that is rather misleading. There are many exceptions to those regulations. Collusion is different than price collaboration, and cartels per se are not illegal. In the UK, for instance, only horizontal mergers qualify for cartel status. I am fairly certain thats the same in America. One of the largest international institutions is essentially a Cartel (though leaning away from that name ), and the United States fully recognizes its authority and legitimacy.
I fully agree with you that recent legislation (and as far back as the last 2 centuries) has made it much more difficult for cartels to operate in the sense that they used to, but they are by no means dead. You are aslo probably correct that price collaboration in the wholesale fish industry would be illegal, since they are not merged in most cases, and even if they were it would likely be a horizontal agreeement. But just because it isnt legal doesnt it mean it isnt happening. There is plenty of PC out there, in all markets. Can we not talk economics anymore though? I have enough to suffer at the office
I fully agree with you that recent legislation (and as far back as the last 2 centuries) has made it much more difficult for cartels to operate in the sense that they used to, but they are by no means dead. You are aslo probably correct that price collaboration in the wholesale fish industry would be illegal, since they are not merged in most cases, and even if they were it would likely be a horizontal agreeement. But just because it isnt legal doesnt it mean it isnt happening. There is plenty of PC out there, in all markets. Can we not talk economics anymore though? I have enough to suffer at the office
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