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Saudi Arabia is in OPEC so the gist of the article is moot.
by sys_64738 8y ago
Saudi Arabia is in OPEC so the gist of the article is moot.
- jpatokal 8y agoOPEC is notorious for having members agree to various things on paper and then doing something else entirely.
- anticensor 8y agoThen it needs to be replaced.
- pg_bot 8y agoIf we apply ideas from game theory, you will find out that cartels are naturally unstable. I don't think you would be able to replace OPEC with another cartel even if you wanted to . (No one outside the newly formed cartel would welcome a new cartel.)
- anticensor 8y agoYou replace a cartel by a free trade organisation, not by another cartel.
- fjsolwmv 8y agoFree trade is what causes cartels. The is no "you" who gets to control the world economy
- sys_64738 8y agoOPEC is game theory in action.