De Beers

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De Beers

podrock — 1/12/2023 4:35:54 PM (archived)

A classic story of how to control both supply and demand:

https://en.wikipedia.org/wiki/De_Beers

https://en.wikipedia.org/wiki/De_Beers

There was a great PBS show about this many years ago, if I can find it, I'll link it.

The whole thread (33 posts)

Whatever the market will bear - podrock - 1/11/2023 5:32:20 PM
- Interesting, considering public demand for it is dropping... - ER - 1/11/2023 6:29:11 PM
  - Price equilibrium. - BuckGalaxy - 1/11/2023 7:56:03 PM
    - You're ignoring elasticity of demand. n/t - RobVG - 1/12/2023 9:35:01 PM
      - I've mentioned elasticity of demand in that post - BuckGalaxy - 1/13/2023 7:17:35 AM
        
        You did, but I didn't get past your first statement. - RobVG - 1/14/2023 1:01:01 AM
        
        Ultimately vaccines are paid for - BuckGalaxy - 1/14/2023 6:07:30 PM
        
        I totally agree. - RobVG - 1/14/2023 9:52:19 PM
    - De Beers - podrock - 1/12/2023 4:35:54 PM
      - DeBeers is a monopoly - BuckGalaxy - 1/12/2023 7:06:12 PM
        
        Awash in supply, - podrock - 1/12/2023 7:33:05 PM
        
        wants and needs - BuckGalaxy - 1/12/2023 8:33:25 PM
        
        Or when you eliminate the competition. - podrock - 1/14/2023 4:12:15 AM
      - Those PBS guys are all a bunch of commies. - ER - 1/12/2023 5:10:54 PM
        
        Well, yeah... - podrock - 1/12/2023 5:46:55 PM
      - Re: De Beers - podrock - 1/12/2023 5:04:43 PM
    - You start off your post with a contradiction. The first two sentences. - ER - 1/11/2023 10:16:01 PM
      - No contradiction whatsoever - BuckGalaxy - 1/12/2023 12:01:11 AM
        
        Yes, but what you don't understand... - ER - 1/12/2023 5:19:23 AM
        
        Sigh - BuckGalaxy - 1/12/2023 6:55:45 AM
        
        Fart - ER - 1/12/2023 1:59:12 PM
        
        This is exhausting - BuckGalaxy - 1/12/2023 6:40:53 PM
        
        Sorry ER - BuckGalaxy - 1/14/2023 6:10:36 PM
        
        And entertaining. - podrock - 1/12/2023 6:48:17 PM
        
        You were denying it not too long ago. Progress I suppose... - BuckGalaxy - 1/12/2023 6:59:28 PM
        
        I don't believe I ever denied S/D - podrock - 1/12/2023 7:09:47 PM
        
        And I've said a hundred times - BuckGalaxy - 1/12/2023 8:00:59 PM
        
        Ah, but it had severe penalties for even participating. - podrock - 1/12/2023 8:25:36 PM
        
        Pot was not a completely unregulated market - BuckGalaxy - 1/12/2023 9:21:13 PM
        
        Demand is down as well. - podrock - 1/12/2023 10:39:58 PM
        
        That's a good thing - BuckGalaxy - 1/13/2023 12:29:38 AM
        
        The economics of the weed industry have been interesting to observe. - podrock - 1/14/2023 4:21:30 AM
        
        On a personal note. - ER - 1/12/2023 2:44:57 PM

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