the.com/cartel
a business so good at economics it had to make economics illegal.
means A formal agreement among competing producers to fix prices, limit output, or carve up markets, so they can act as one monopoly instead of actually competing.
from From German 'Kartell,' borrowed from French 'cartel,' which traces back to Italian 'cartello' — a placard or written notice, a diminutive of 'carta' (paper, from Latin 'charta'). It first meant a written challenge or a formal agreement between warring parties, like terms for exchanging prisoners; the sense of 'a pact between rival firms' grew from that idea of enemies signing a deal on paper.
- oil cartel
- OPEC sets prices openly and stays perfectly legal
- original meaning
- cartel once meant a written challenge to a duel
- market math
- members always cheat because betraying pays better
- diamond grip
- De Beers controlled supply for over a century
- phone scandal
- automakers were fined for colluding on emissions tech
sinaloa cartel — mexican drug trafficking organization, one of the world's most powerful, led by joaquín guzmán until 2016
gulf cartel — mexican criminal organization founded in the 1930s, controls smuggling routes across texas border
cali cartel — colombian cocaine cartel that replaced medellín in the 1990s, based in cali city