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Government

Submission + - DRAM Pricefixing Scheme

jtvisona writes: In April of 2005, a Slashdot article covered the $185 million dollar fine that the DOJ ordered Hynix Inc. to pay since it was orchestrating with colleagues for years to fix the price of DRAM. A new article at Bloomberg.com chronicles the current situation of ongoing investigations by governments into continued or other forms of collusion. "Even if the DRAM chip cartel failed to raise prices, it earned $4.8 billion in revenue for chipmakers that paid a total of $1 billion in fines and civil settlements, court records show." Are cartels just an inevitable part of business? What ideas does the /. community have for preventing this sort of international collusion of manufacturers?

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