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The cartel fell apart pretty much on its own without government intervention. But the cartel didn't fall apart 'on its own' due to magic self-regulating proper
by cygx 12y ago
The cartel fell apart pretty much on its own without government intervention.
But the cartel didn't fall apart 'on its own' due to magic self-regulating properties of the free market. It took WW2 to do it.
For some anecdotal post-war evidence, note that light bulbs in eastern Germany came with twice the lifetime of western models.
In Germany, there also circulates a story about representatives from Osram and Narva (an eastern manufacturer) meeting at Hannover fair, the latter presenting a light bulb with a lifetime of 5000h. The stories goes that the Osram representatives accused the Narva representatives of being imbeciles for cutting into their own profits...
- mxfh 12y agoAn then there is Dieter Binninger[1] who not only build the weirdest clock of Berlin[2] (still working) but also developed a Langlebensdauerglühlampe with a guaranteed life time of 150.000 hours. [1] http://de.wikipedia.org/wiki/Dieter_Binninger http://de.wikipedia.org/wiki/Dieter_Binninger [german] [2] http://en.wikipedia.org/wiki/Mengenlehreuhr http://en.wikipedia.org/wiki/Mengenlehreuhr