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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 e
by 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 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