China is destroying the caviar industry! After china turned it into cheap snack americans hope make caviar great again
China is destroying the cancer industry! China’s Curing Cancer Faster and Cheaper Than Anywhere Else
spoiler
Fuck, I wish China was destroying me :crush:
Aren't diamonds not that rare anyway? Doesn't De Beers specifically just have a near monopoly on them so they drive up the price? I feel like this was inevitable.
They used to be very rare before the 19th century but then a gigantic source was found in South Africa.
You can easily produce diamonds in the lab as well and there's zero difference between them and "natural" diamonds because they're just fancy rocks.
:lenin-laugh: :michael-laugh:
If communism was a De Beers
If communism was a De Beers
:che-laugh: :che-laugh: :che-laugh:
Essential reading about the diamond industry: https://www.theatlantic.com/magazine/archive/1982/02/have-you-ever-tried-to-sell-a-diamond/304575/
Basically diamonds weren't even valuable until a PR campaign by De Beers and are a fake monopoly. They're even more bullshit than they sound, and buying really expensive rocks does sound bullshit.
Didn't the soviets make bank churning out cheap diamonds and forcing De Beers to buy them to keep supplies low?
Oh no! My heckin’ artificial scarcireeno! How will I demonstrate my wealth if a rock is based on the how much resources it actually takes to make?
you can't just make a university. Besides, what exactly is the problem with creating a good in demand cheaper? Isn't that the whole point?
Isn't that like one of those things about capitalism that chuds claim to love? COMEPTITION DRIVES DOWN PRICES REEEEEEEE YOU STUPID COMMIES SHOULD TAKE ECON 101
