Capitalism suggests the most competitive entrepreneur wins. How easy is it for said entrepreneurs to get together on a zoom call and say "hey! If we all raise the rates by 200% together, there is no competition. We all profit."

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2025-01-01 02:01

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Justin Brown
justindotbrown

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36 分鐘內	Tasha Jayde colourful_medusa	Easy peasy. 💬 Corporations based in Europe and the United States, including Tungsram, Osram, General Electric, Associated Electrical Industries, and Philips, incorporated the cartel on January 15, 1925 in Geneva ... The cartel lowered operational costs and worked to standardize the life expectancy of light bulbs at 1,000 hours (down from 2,500 hours), while raising prices without fear of competition.