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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."
However, unlike the RIAA, DeBeers never promised that the prices of their diamonds would come down when market forces and economies of scale entered. Remember when CD's first became available? I can remember saving my change so I could afford some of the first CD's that came onto the market at what.....$15-20? Did the price on those ever come down? No.
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Wow, it isn't like all us Slashdot posters are judgemental, or anything... As a GIRL who is a GEEK and relatively socially conscious, but also a DIAMOND owner, I guess I really represent the minority here (-: Let's see here: 1) Some smart women like diamonds. I swear. In fact, I know quite a few of them personally. 2) If you are really planning to meet girls based on their gem preferences, you are a LOSER. 3) Canadian diamonds are a very cool alternative - they come with a lasered serial number and logo on the girdle of the diamond - perfect for us tech-geek girls 4) I personally had no desire to have a diamond when we first started ring shopping, but it was my husband-to-be who felt it was a good idea - so don't give me all that bullshit that the guys can see through the marketing stuff, while the girls dreamily suck it all in. 5) I would take an artificial diamond over a real one in a second - a symbol of technological acheivement and science - that sparkles? It's perfect!
don't mess with those geekgrrls