Cartels and law reform – a conspiracy against the public – Halsbury’s Law Exchange

Posted March 21st, 2012 in budgets, competition, news, penalties, prosecutions by sally

“Adam Smith is often quoted for his comment on cartels:

‘People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices’.”

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Halsbury’s Law Exchange, 21st March 2012