• Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.

    Benjamin Graham: Cartels have spread and will spread as long as the world lacks an effective mechanism by which balanced expansion may be achieved without a resulting disruption of prices.
    "World Commodities and World Currencies". Book by Benjamin Graham. Chapter II, The Issue of Cartels, p. 21, 1944.