Reemergence of Prewar Cartel Problem
The Schuman Plan for pooling the coal and steel production of Western Europe, hailed at its announcement in May as a genuine effort to heal French differences with Germany and to promote European economic union, has since aroused fears that the end result may be a new international cartel of unprecedented power. French Foreign Minister Schuman contends that the objectives and the mechanism of his proposed organization are the direct opposite of those displayed by prewar cartels. But the prospect of production and investment planning, price regulation, and wage equalization has suggested to the opponents of monopoly that inefficiency may be protected and that restrictive policies may ultimately replace the declared objectives of the plan.
British reluctance to subordinate commonwealth ties ...