News of the day...
News of the day...
Out of context: Reply #696
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http://www.businessinsider.com/w…
A History of Market Manipulation
Lauck needed to sell a product that people either did not want or could not afford. His solution would haunt men for generations. He advised that De Beers market diamonds as a status symbol:
"The substantial diamond gift can be made a more widely sought symbol of personal and family success — an expression of socio-economic achievement.”
- preaching to the choir!utopian
- and blood diamonds to bootutopian
- best marketing campaign of all time!utopian
- Bullshit. People have always revered diamonds.mikotondria3
- ♫ shiny baubles ♫albums
- diamonds are valuable 'cause De Beers owns all of it. if you want diamonds, there's only one place to get it, and they set the price.sine
- set the price and control the market. same goes for all commodities.sine
- btw diamonds aren't all a sham. its use in industrial applications is very specialised and irreplaceable.sine
- im gonna give my next wife one of my concrete cutting saw bladesmoldero