I think that legister means that few Cartels, as in a cartel-collaboration-pricing-strategy, are successful in the long term. Yes OPEC exists as an organizatio

I think that legister means that few Cartels, as in a cartel-collaboration-pricing-strategy, are successful in the long term. Yes OPEC exists as an organization, but it's price-fixing & supply-fixing strategies have failed. Especially in the late 80s there were a lot of defectors from the cartel strategy during the oil glut. https://en.wikipedia.org/wiki/OPEC#1979%E2%80%931980_oil_crisis_and_1980s_oil_glut https://en.wikipedia.org/wiki/OPEC#1979%E2%80%931980_oil_cri...