Re:I saw RealPage's crappy rent-jacking-up software so you d...
by IncRnd on Friday February 24, 2023 @02:07PM
(#34928543)
That's like saying the sky isn't really blue, when someone asks you the color. "As far as wavelengths go, Earth's sky really is a bluish violet. But because of our eyes we see it as pale blue." [1]
Saying OPEC doesn't fix prices is a nonsense statement that does nothing but split hairs. OPEC engages in price fixing as set forth by the FTC, though they are not subject to the FTC. [2]
Price fixing is a term of art that doesn't just mean the specific price of a sale is fixed. Price fixing can also mean that prices are indirectly fixed by production quotas or capacity. OPEC exists for the very reason to set production quotas or capacity. "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries" [3]
Saying OPEC doesn't fix prices is a nonsense statement that does nothing but split hairs. OPEC engages in price fixing as set forth by the FTC, though they are not subject to the FTC. [2]
Price fixing is a term of art that doesn't just mean the specific price of a sale is fixed. Price fixing can also mean that prices are indirectly fixed by production quotas or capacity. OPEC exists for the very reason to set production quotas or capacity. "OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries" [3]
[1] https://www.forbes.com/sites/briankoberlein/2017/01/11/earth...
[2] https://www.ftc.gov/advice-guidance/competition-guidance/gui...
[3] https://www.opec.org/opec_web/en/about_us/24.htm