Excerpt from Steadying the World’s Price of the Staples: An International Commerce Commission on Ocean Freight Rates
The great shipping trusts that now control the ocean traffic of the world, by raising or lowering the cost of carriage from day to day, and from hour to hour, may exercise a power greater than that possessed by any or all the rulers of the world. The conditions under which they work, conditions which make it possible to force the price of the staples up or down at will, enable them, indirectly, to exercise economic and political power and pressure more subtle and more effective than that exercised through diplomatic and military channels.
The International Commerce Commission, as proposed by the Con gress of the United States, is intended as a means of bringing about an equilibrium of power on a basis of equity, an equilibrium between the various forces which come into play in determining the world’s price of the staples.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
