3 ms·
> these voluntary cartels very rarely work for a long period of time in a 'free market'. The Phoebus Cartel worked for fifteen years. That's plenty of time to
by genericid 8y ago
> these voluntary cartels very rarely work for a long period of time in a 'free market'.
The Phoebus Cartel worked for fifteen years. That's plenty of time to prove that "free" markets just don't work.
> Cartels only really work when you have governments to enforce them (see: wireless and ISP pricing in Canada)
I don't know about the specifics of the situtation in Canada, but networks are natural monopolies. Competition does not make sense in that sphere to begin with.