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Cartels -v- Competition
Monopoly, oligopoly, cartels are good for profit, but usually less good for society. In a world where the main metrics are concerned with profit and the growth of investor wealth, there is less pressure to control monopoly, oligopoly and cartels.
This graphic is but one example ... it shows how the energy industry that has been allowed to engage in cartel like structuring has been able to increase its prices since 1999 by amounts significanly in excess of the Consumer Price Index (CPI). For the period 1980 to 1999, the energy price index remained very stable, following dramatic changes during the 1970s arising mainly from the OPEC oil shocks ... another example of the power of a cartel to increase prices.
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