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."

Comments

Re:mod parent up - nice explanation

[eunos94]

No, don't mod it up. They obviously didn't RTFA. They address every single one of those issues in the article.

Have you ever tried to sell a diamond?

[Ryatt]

For those of you who have wives or girlfriends who will complain about receiving a $5 diamond vs a "real" one, check this out: http://www.theatlantic.com/issues/82feb/8202diamon d1.htm "I bent my wookie." -- Ralph Wiggum