George W. Stocking Quotes

#1. In a dynamic democratic society it is indeed difficult to keep in harness the forces of competition.

George W. Stocking

#2. The steel cartel is dead; but the cartel idea survives.

George W. Stocking

#3. International trade in chemical products is not free. . . . Joint control of the market became the general rule; free competition, the exception.

George W. Stocking

#4. it is easier to induce national governments to discriminate against foreign producers than to defend the interests of domestic consumers

George W. Stocking

#5. It is clear that both at home and abroad producers have been unwilling to trust their fortunes entirely to the unrestricted play of competition. Both in world and domestic markets businessmen have sought security by substituting collective controls for the free play of market forces.

George W. Stocking

#6. either on a competitive or a cartel basis.

George W. Stocking

#7. two well-recognized economic principles. First, the firmer the monopolistic controls in a given market, the higher the prices. Second, monopoly prices are discriminatory prices. "Charging all the traffic will bear" does not mean that all the traffic will bear the same charge! In fact, it will not.

George W. Stocking

#8. Today chemists can artificially make hundreds of thousands of organic compounds, most of which are not duplicated in nature.

George W. Stocking

#9. If American chemical industries are oligopolistic, British, German, French, Italian, indeed European, chemical industries are monopolistic.

George W. Stocking

#10. Aluminum is a metallic element - one of the principal constituents of the earth's crust. Only oxygen and silicon are more abundant. Aluminum does not occur naturally in its pure form, but only in a wide variety of compounds.

George W. Stocking

#11. The record is plain: the cartel system retarded the development of a domestic synthetic rubber industry, and, in so doing, jeopardized national security.

George W. Stocking

#12. the basic principle of capitalism: that the penalties (losses) no less than the rewards (profits) of risk taking shall go to those who embark on a productive venture.

George W. Stocking

#13. What constitutes wise policy . . . will depend on whether the immediate objective of policy is the promotion of political ends, the protection of vested interests, or the satisfaction of consumer needs.

George W. Stocking

#14. Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last.

George W. Stocking

#15. The Supreme Court has declared that such a plea of nolo contendere "admits guilt for the purposes of the case.

George W. Stocking