First as Tragedy, Then as Farce -
Billions of dollars have been hastily poured into the global banking system in a frantic attempt at financial stabilization. Where is the social stability?
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Thursday, 23 September 2021
quote [ The Phoebus cartel engineered a shorter-lived lightbulb and gave birth to planned obsolescence ]
Competition isn't profitable. Collusion is the capitalist way.
From what I could find, corporate collusion in general and the Phœbus S.A. Compagnie Industrielle pour le Développement de l'Éclairage in specific are both well documented things.
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Comments
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mechanical contrivance said @ 5:41pm GMT on 23rd Sep
Isn't collusion just game theory put into practice?
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the circus said @ 7:30pm GMT on 25th Sep
Pretty much. The goal of business is to get as close to a monopoly as possible.
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