Re:A container ship lost a record 1,800 containers
by scoopertrooper on Tuesday December 08, 2020 @07:33AM
(#25344351)
Yes if dumping was a continuous practice then we'd all be living off the largess of the dumpers, but it's a temporary practice used to drive out competition before jacking up the prices once dominance is restored. De Beers provide an excellent case study in the application of this tactic.
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Re:A container ship lost a record 1,800 containers
by eru on Tuesday December 08, 2020 @10:19PM
(#25354948)
That tactic never really works in big, open markets.
See eg Herbert Dow and the Bromine cartel. https://fee.org/articles/herbert-dow-and-predatory-pricing/ (or any other write-up on the story that you prefer.)