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RE: Allocation of IP Addresses
- From: Jim Browning
- Date: Fri Mar 15 17:40:09 1996
>From: Perry E. Metzger[SMTP:email@example.com]
>Jim Browning writes:
>> DeBeers has controlled (or at least significantly influenced) the price
>> diamonds for decades, ensuring that they appreciate in value by
>> supply, and by buying diamonds on the wholesale market to keep the price
>> (similar to what countries do to protect their currencies). They could
>> flood the market at any time, driving the price down dramatically. Of
>> course this isn't in their best interest, so they won't do it. However
>> Russia might, as they have stockpiled large quantities of diamonds, and
>> not have the same goal as DeBeers...
>So in what way is this a demonstration of a monopoly able to
>arbitrarily raise prices? What you've shown is that someone might be
>able to arbitrarily drop prices...
The price has been artificially raised through the years by controlling
supply, and it is only a government (the former USSR) which has (to the
best of my knowledge) threatened DeBeers control.