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Diamonds & the RIAA

eaglebtc writes "After reading the previously-posted article on cdfreaks.com about the rapid erosion of cheap CDR's, I found another equally scintillating write-up about the economics of music CDs written by Richard Menta, founder of MP3 Newswire. Sure, we've all heard the whining about how CDs are so expensive, but Mr. Menta takes a unique perspective on the issue by comparing the RIAA to DeBeers. He argues that both companies control distribution of products in their respective markets with an iron fist, and by so doing can artificially raise prices. Coincidentally, the bubble is beginning to burst in both markets: the RIAA is fighting against the uprisings of P2P software, and the diamond cartel's lawyers are losing sleep over the $5 diamonds produced in a lab."

8 of 739 comments (clear)

  1. What to get that special someone by pagluy · · Score: 5, Funny

    The latest Metallica wrapped in a box of of lab fabricated diamonds. Total cost? $100 Having your headbanging girlfriend love you forever? Priceless

  2. Dogbert at the jewellery store by Jucius+Maximus · · Score: 5, Funny

    Dogbert: So you're telling me that if I give you thousands of dollars, you'll give me a pebble you found on the ground?
    Store Owner: These are not just ordinary rocks! They're precious and virtually priceless diamonds!
    Dogbert: That's only because you chose to restrict the supply.
    Store Owner: Ok Ok you figured us out. I'll give you a bag of diamonds if you'll keep quiet.

    (Dogbert walking away with a bag of diamonds)

    Dogbert: Well now I'm a party to this dirty little secret...

  3. Re:Labor Of Love by Gothmolly · · Score: 5, Funny

    I've had plenty of chicks ready and willing to accept my seed after $10 worth of cheap vodka. All you diamond buyers are suckers.

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  4. Re:Labor Of Love by oliphaunt · · Score: 5, Funny

    What I'd like to see is a return to the days where women came with a dowry. Yes, I'll still buy her a ring that costs $X,000 and her parents will still spend $YZ,000 on a fancy wedding- but they will also give ME a check for $50,000 because they don't have to support her any longer.

    Or if not a check, at least some cattle or some other form of livestock.

    If the engagement ring is two months' salary, the dowry should be 20% of the value of the parents' net worth.

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    Humpty Dumpty was pushed.
  5. Re:They aren't so worried about $5 synthetics by zeroclip · · Score: 5, Funny

    Here on slashdot we read the article before making a coomm.. oh uh.. no thats right.

  6. Re:Taco needed $5 Diamonds by El · · Score: 5, Funny

    Pretty easy to duck bullets when nobody's shooting anywhere even remotely near you...

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    "Freedom means freedom for everybody" -- Dick Cheney

  7. One Week Only!! by PetoskeyGuy · · Score: 5, Funny

    Does your Cartel seem destined to fail in future markets. It's time you learned how to succeed. The Very Successful Drug Cartels will be having a convention this fall. Don't let your Cartel go the way of the Railroad Express!

    Choose any of these great topics...
    ... Extortion
    ... Bribery
    ... Price Fixing
    ... Secret Pricing
    ... Lobbying
    ... Obtaining cheap 3rd World Labor
    ... Becoming a government monopoly

    and for the truly abitious
    ... Murder, Mayhem and Intimidation
    ... Finding the trouble makers
    ... Going Multi-National
    ... End Competition for Good!

    Sign up now for priority seating. Check our some of our current well known registered participants.

    Music - RIAA
    Video - MPAA
    Diamonds - DeBeers
    Oil - OPEC

    Don't start a Cartel without checking out this conference. Only one Cartel per Industry please.

  8. Give a RIAA CD to your girlfriend... by leoboiko · · Score: 5, Funny

    ...because copyrights are forever!

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