Hacker News new | ask | show | jobs
by tremon 887 days ago
Ehm, what? Of course cartels can magically set prices. That's what a cartel is for: to make collusion easier.
1 comments
eru 884 days ago
Even OPEC can't magically set prices. Cartels make collusion easier, but you still have to do concrete steps to raise market prices.

OPEC does that via production cuts. Or rather tries to do that.

link