New Titan

Russian Communists believe that cartels are the ultimate and inevitable form of modern economic development, and that trustbusting laws like the U.S. Sherman Act are in fact reactionary. They denounce other people's cartels not for economic but for political reasons. Last week, news came from Germany that the Red Army had quietly organized the biggest cartel in history, prepared to do big business with western Europe.

Known as the Sowjetische Industrie A.G. (Soviet Industrial Corp., and owned 51% by the Russian state and 49% by Germans), the enterprise has an official capital of over eight billion marks ($800,000,000). Its real value is estimated at twice that sum. It employs nearly 400,000 workers and embraces the choicest 30% of all German industry in the Soviet zone, including I.G. Farben. Russian reparation seizures and forced nationalization already took care of other large chunks. Economic pharaoh of this pyramid of 13 trusts was one Alexei Resnikov.

Well might Hermann Goering wince. Once head of Germany's biggest cartel, he had Naziism's keenest nose for sniffing out other people's profitable businesses, and its most carefree hand in grabbing them for his huge Hermann Goering Works. Now he had been surpassed. But Goering, like most Germans, had not yet heard of the new economic titan.

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