> has been capable of being far more long-lasting
Sorry, but that's not true. In order to make longer lasting bulbs you have to reduce the energy efficiency (i.e. don't run as hot).
> and therefore cheaper
You'll pay more in electricity than in bulbs with longer lasting type. It's not actually worth it.
That cartel had bad intentions but good results - if you run the number you'll see that they actually saved people money.
We are very fortunate that the LED industry has not been tainted by this mindset, and really most modern tech hasn't.
[1] http://spectrum.ieee.org/geek-life/history/the-great-lightbu...