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The market will remain irrational longer than… Of course they can when they own them all. See De Beers diamonds. Buy them all, keep the price artificially high
by testing22321 7mo ago
The market will remain irrational longer than…
Of course they can when they own them all. See De Beers diamonds. Buy them all, keep the price artificially high.
- larsiusprime 7mo agoDiamond prices are famously crashing now due to artificial lab made diamonds (increased supply)
- nroets 7mo agoThe De Beers cartel was able to avoid anti trust scrutiny because the best reserves are outside (Africa/Canada/Russia) of the most lucrative markets (US/Europe/Asia). Corporations control only a small faction of housing supply.
- matkoniecz 7mo agoInsanely stupid restrictions on residential construction make it easier.
- exabrial 7mo agoThey can only do that (own them all) with government assistance. See De Beers diamonds, who leveraged the legal system to create a monopoly. The solution is to build more housing and get the government out of the picture.