The Diamond Cartel: History's Greatest Monopoly • Discoverology

The Diamond Cartel: History’s Greatest Monopoly

Business, Videos

A cartel is a group of companies coming together to fix the price of a product. Like how major oil countries come together as the cartel OPEC, to fix the price of crude oil, except with a diamond. Once these locals catch on to how profitable the diamond trade is, they’ll started trading diamonds and smuggling it.

Related tags
Related posts
Sintra’s Mysterious ‘Inverted Tower’

Sintra’s Mysterious ‘Inverted Tower’

Videos, World

Steeped in strange symbology, the breath-taking ‘inverted tower’, or initiation well, found at the heart of Sintra’s Quinta da Regaleira celebrates Portugal’s unique historical connection to the mysterious and enigmatic Knights Templar.

The Boss Who Put Everyone On 70k

The Boss Who Put Everyone On 70k

Business

In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff – and personally took a pay cut of $1m. Five years later he’s still on the minimum salary, and says the gamble has paid off.

Ari Emanuel, WME, And The Great Hollywood IPO That Wasn’t

Ari Emanuel, WME, And The Great Hollywood IPO That Wasn’t

Business, Long Reads, Media

The entertainment industry’s reigning super-agent planned to put his firm—and the very power structure of Hollywood—on the line with an audacious, now scuttled public offering. With that future on hold and the likes of Netflix and Disney commanding more ground by the day, what’s an ambitious modern macher to do?

The Rise Of Nintendo

The Rise Of Nintendo

Business, Tech, Videos

Nintendo hasn’t always made video games. It was founded over a century ago and at one point sold ramen noodles and operated a taxi service. Today, Nintendo is part of a crowded video game market, up against companies like Sony, Microsoft, Apple and Google. When Nintendo first got into the home console business in the 80s, it dominated.

“No Other Way To Say It”, A Comedy About Advertising

“No Other Way To Say It”, A Comedy About Advertising

Media, Videos

Director Tim Mason pulls the curtain back on the glamorous world of advertising in this short comedy about a voiceover actor trying to nail the right tone for a pair of indecisive ad creatives selling a fictitious children’s ice cream brand.

China’s Leftover Men: Desperately Seeking Wives

China’s Leftover Men: Desperately Seeking Wives

Videos, World

He’s 57 and has never been in a relationship. Now he’s worried that his four nephews who live with him might end up alone – and desperate – just like him. How is China addressing its gender imbalance that has reached epic proportions?

The Love Story That Shocked The World

The Love Story That Shocked The World

History, Videos

When Seretse Khama, an African prince, and Ruth Williams, a white middle-class clerk from Lloyd’s underwriters, got married in 1948, it provoked shock in Britain and Africa. Khama was exiled from Great Britain and later became the first president of Botswana when it became an independent country.

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

If Everyone Hates Spirit Airlines, How Is It Making So Much Money?

Business

Spirit borrowed the unbundling model from Ryanair and AirAsia. Instead of thinking of a flight as a means of getting from point A to point B plus a certain set of extras and amenities built into the ticket price, an unbundled fare promised nothing more than the get-you-from-A-to-B part. Everything else would cost extra.

“Locker Room”, Thought-Provoking Short Film About Teenage Friendships

“Locker Room”, Thought-Provoking Short Film About Teenage Friendships

Videos

A teenage girl discovers her male friends’ secret group chat, forcing her to question her friendship with them. Through the lens of neither a perpetrator or survivor, Locker Room draws attention to the social responsibility of bystanders to bad behavior and the pressures that can cause them to turn a blind eye.

The Inevitable Decade Of Marvel

The Inevitable Decade Of Marvel

Business, Long Reads, Media

On July 21, 2019, ‘Avengers: Endgame’ became the highest-grossing film ever, on its way to adding nearly $2.8 billion to the Marvel Cinematic Universe’s $22.5 billion global box office total. The 2010s were defined by this superhero takeover—though the plans for it were laid even before the decade began.

Thailand: Turning Straw Into Gold

Thailand: Turning Straw Into Gold

Innovation, Nature, Videos

Huge amounts of rice straw are left over after the harvest in Thailand. Farmers often burn it, which is terrible for the environment. A young entrepreneur has found a new use for the material. Turned into paper, it can replace plastic food packaging.

Why Socialism Failed in Africa

Why Socialism Failed in Africa

History, Politics, Videos

Considering capitalism to be equal to colonialism, Africa’s founding fathers rejected it and adopted marxist-socialism in the 1960s. Foreign companies were nationalised, state-owned enterprises were created and all sorts of controls on rents, prices, imports and foreign exchange.

We use cookies on this website to analyse your use of our products and services, provide content from third parties and assist with our marketing efforts. Learn more about our use of cookies and available controls: cookie policy. Please be aware that your experience may be disrupted until you accept cookies.