Re: WTO and OPEC

["J. Barkley Rosser, Jr." <rosserjb@xxxxxxx>]

     I was only referring to currently existing ones, or
recently existing ones.  Actually, I gather the old
diamond cartel has taken a beating recently.  But it
has had a good run of about 70 years or so, at least.
Barkley Rosser
-----Original Message-----
From: Greg Nowell <GN842@xxxxxxxxxxxxxxxxx>
To: POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
Date: Tuesday, March 14, 2000 6:18 PM
Subject: Re: WTO and OPEC


>Maybe in modern history.  I haven't really checked to see how
>long some of the old "trading companies" lasted with their
>state-sponsored exclusive rights to trade in x, y, z
>commodities.  -gn.
>
>"J. Barkley Rosser, Jr." wrote:
>
>>      The most successful and longest running cartel
>> in the world has been the diamond cartel.
>> Barkley Rosser
>> -----Original Message-----
>> From: renatopompeu <renatopompeu@xxxxxxxxxx>
>> To: POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
>> Date: Wednesday, March 08, 2000 7:18 PM
>> Subject: Re: WTO and OPEC
>>
>> >> At 04:06 PM 03/07/2000 , Henry wrote:
>> >>
>> >> >I should have written that OPEC came into existence as
>> >an effective cartel in
>> >> >1973.  I remember being in New York in 1973 where
>> >several diplomat
>> >> >acqaintances
>> >> >of mine from the Southern Hemisphere were very excited
>> >about the new OPEC and
>> >> >thought that coffee, banana and other commodities
>> >cartels can be patterned
>> >> >after
>> >> >OPEC.
>> >>
>> >>
>> >> But of course there were other commodity cartels at
>> >that time (usually
>> >> sponsored by producing country governments), e.g., the
>> >tin cartel, the
>> >> cocoa cartel, etc.
>> >
>> >As a matter of fact, what you are calling the coffee
>> >cartel was never patterned after OPEC or any producers'
>> >cartel. The International Coffee Agreement (I am
>> >translating from its name in Portuguese, I do not know
>> >the official name in English) involved not only producing
>> >countries, but also consumer countries. It established
>> >quotas and prices for production, exports and imports.
>> >As for the oil prices and the bubble in Wall Street, I
>> >just have no idea of what will happen. I just hope these
>> >problems and others of the same huge size do not
>> >degenerate in a concentrated planetary war, for there is
>> >in the horizon no hope to stop the already ongoing
>> >protracted and segmented war between Otan and the axis
>> >Russia-China.
>> >Renato Pompeu
>> >
>> >
>> >
>> >______________________________________________
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>> >
>> >
>
>--
>Gregory P. Nowell
>Associate Professor
>Department of Political Science, Milne 100
>State University of New York
>135 Western Ave.
>Albany, New York 12222
>
>Fax 518-442-5298
>
>