@article{Connor:28631,
      recid = {28631},
      author = {Connor, John M.},
      title = {THE FOOD AND AGRICULTURAL GLOBAL CARTELS OF THE 1990s:  OVERVIEW AND UPDATE},
      address = {2002},
      number = {1239-2016-101535},
      series = {Staff Paper 02-4},
      pages = {59},
      year = {2002},
      abstract = {"Greed is good."
--Gordon Gecko in Wall Street  (1987)

"Greed Is Bad."
--Paul Krugman, The New York Times,  June 4, 2002

	"For many years, Archer Daniels Midland  Co.'s philosophy of customer relations could be summed up  by a quote from former ADM President James Randall: 'Our  competitors are our friends.  Our customers are the enemy.'   This motto animated the company's business dealings and  ultimately led to blatant violations of U.S. antitrust law,  a guilty plea and a staggering criminal fine against the  company . . . The facts involved in this case reflect an  inexplicable lack of business ethics and an atmosphere of  general lawlessness that infected the very heart of one of  America's leading corporate citizens.  Top executives at  ADM and its Asian co-conspirators throughout the early  1990s spied on each other, fabricated aliases and front  organizations to hide their activities, hired prostitutes  to gather information from competitors, lied, cheated,  embezzled, extorted, and obstructed justice."

-- Decision  of the U.S. Court of Appeals, 7th Circuit (Kanne et al.  2000:1-2)

"Globalization can bring great benefits to  consumers and business, but it can also cause harm, as  evidenced by the rise in global cartels such as the vitamin  cartel . . ."

-- Senior official, Australian Competition  and Consumer Commission, Business Weekly Review (December  13, 2001).},
      url = {http://ageconsearch.umn.edu/record/28631},
      doi = {https://doi.org/10.22004/ag.econ.28631},
}