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To: Lazarus_Long who wrote (11819)	5/3/2002 12:05:12 AM
From: Dayuhan	Read Replies (1) \| Respond to of 21057

Suppose all the oil companies in the US were either combined into one or formed a stable cartel. In theory a stable cartel is an oxymoron. In practice it has been known to occur, although the stability is usually generated by non-economic conditions and seldom outlasts those conditions.

To: Lazarus_Long who wrote (11819)	5/3/2002 1:35:51 AM
From: average joe	Read Replies (1) \| Respond to of 21057

Suppose all the oil companies in the US were either combined into one or formed a stable cartel. They could then set the price of the most basic raw material for the economy. At whatever level they wanted. Oil consumed in the United States is mostly imported from outside the U.S. so that scenario is impossible. I'd rather have a private monopoly run by Bill Gates than a public monopoly headed up by Janet Reno. lpdallas.org A capitalist economy is premised on competition. If that competition stops, it no longer functions correctly- -meaning it n longer functions optimally for the consumers and citizens of that country Microsoft is not preventing anyone from building a better mouse. One example of an effective cartel that benefits all producers is DeBeers Diamonds and they don't control the raw material just the marketing of the end product. debeerscanada.com