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I'd count DeBeers as statist in origin, even though they aren't really a monopoly IMO. The fact is that diamond supply has been under the control of warlords a
by pitaj 8y ago
I'd count DeBeers as statist in origin, even though they aren't really a monopoly IMO.
The fact is that diamond supply has been under the control of warlords and other statist factions for a long time. I'd say that counts.
- repsilat 8y ago> they aren't really a monopoly Yeah, this is more an example of monopolies naturally eroding. DeBeers held prices above equilibrium, and other players entered the market and now they don't have a stranglehold on it. (The extent of their hold on it was played up by journalists anyway...)
- deleted 8y ago[deleted]