4 ms·

OPEC is notorious for having members agree to various things on paper and then doing something else entirely.

• anticensor 8y ago
  Then it needs to be replaced.
  • pg_bot 8y ago
    If 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 ago
      You replace a cartel by a free trade organisation, not by another cartel.
      • fjsolwmv 8y ago
        Free trade is what causes cartels. The is no "you" who gets to control the world economy
• sys_64738 8y ago
  OPEC is game theory in action.