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🪵 The Threshold

The diamond bourses' federation was created to counterbalance the DeBeers cartel

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tagsja-picks, xref, factual_claims, primary_study, singleton, category/factual-claims
aliases@bernstein_opting_1992, loc. 56

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The diamond bourses’ federation was created to counterbalance the DeBeers cartel

Evidence

The DeBeers Cartel does not control the WFDB. One of the main reasons the WFDB was formed was to enable the bourses to bargain more effectively with the cartel. — Lisa Bernestein, Opting out of the Legal System, 56

Categorization

  • XREF: Parallel to how competing private-orderers balance power — like medieval guilds vs. sovereigns, or the user’s picture of third parties vs. state authority.
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