Proposal for an International Conference on the Regulation and Control of Ocean Carriage by Means of an International Commerce Commission for the Purpose of Steadying the World's Price of the Staples - Softcover

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9781334423758: Proposal for an International Conference on the Regulation and Control of Ocean Carriage by Means of an International Commerce Commission for the Purpose of Steadying the World's Price of the Staples

Synopsis

This book examines the impact of shipping rates on the prices of agricultural products, particularly staples like wheat and corn. The author, a noted expert on economics and international trade, analyzes the ways in which shipping companies use agreements and conferences to control the market and set prices for the transportation of these essential commodities. The book explores the historical development of this system, discussing how it has led to the formation of shipping trusts and monopolies, which have the power to artificially inflate prices and create economic hardship for farmers and consumers alike. The author argues that the lack of regulation in the shipping industry allows these companies to abuse their power, resulting in higher costs for producers and higher prices for consumers. The book concludes by proposing solutions to address these issues, including the establishment of an International Commerce Commission to regulate shipping rates and ensure fair competition.

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