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Buying up all the land that contains a particular resource then guarding it, thus permanently locking said resource away is one way to monopolize a market verti
by posguy 6y ago
Buying up all the land that contains a particular resource then guarding it, thus permanently locking said resource away is one way to monopolize a market vertical.
- jeffbee 6y agoIf there had ever been such a person, even once, it seems like we'd be celebrating them today. If you could send a guy back 200 years to keep all the coal in the ground, you'd do it.
- posguy 6y agoThere are very few that will celebrate De Beers implementation of this monopoly business model: https://en.wikipedia.org/wiki/De_Beers#Legal_issues https://en.wikipedia.org/wiki/De_Beers#Legal_issues
- missedthecue 6y agoDe Beers does not have a monopoly. Look up their market share.
- posguy 6y agoThey had an effective monopoly, until their control of supply was broken: http://www.paulzimnisky.com/a-brief-history-of-de-beers http://www.paulzimnisky.com/a-brief-history-of-de-beers
- missedthecue 6y agoBy market forces. Competition, when permitted to exist, produces net benefits.
- manigandham 6y agoWhat does this have to do with billionaires? Everyone does from private citizens to governments do this, and land itself has value whether there are resources are not.
- missedthecue 6y agoCan you give me one example of a billionaire doing this?