> The Phoebus cartel created a notable landmark in the history of the global economy because it engaged in large-scale planned obsolescence to generate repeated sales and maximize profit.

> The cartel conveniently lowered operational costs and worked to standardize the life expectancy of light bulbs at 1,000 hours (down from 2,500 hours) and raised prices without fear of competition. The cartel tested their bulbs and fined manufacturers for bulbs that lasted more than 1,000 hours.