Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
I agree to some extent, but they are still battling against one another for the business, so they cant just raise prices or they lose market share, typically.
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
That is price fixing and can end them up in jail and is super obvious when on a large scale. Why couldnt it be the government just printed a bunch of money and that caused inflation?
The issue with that is that all companies have done it and it would literally be impossible to hide price fixing on big corporations like this. And they are competitors, they would gladly take their money.
Oh yeah a handful of cases over decades indicates a conspiracy in virtually every market around the world… Or maybe the governments printed trillions of dollars (and other currencies)… If you think the prices going up right now is due to “greedflation” then you are a conspiracy theorist and a government shill all in one.
Sure, that makes total sense, if greedflation were only happening in the US. It’s a worldwide problem.
Yeah the government is paying me to post facts on lemmy from my toilet. That is totally a real and normal thing to think when confronted with new information.
Good for them. In the US, if prices were not going up due to government monetary and other policies, places like Walmart and Amazon would keep there prices low and put the smaller chains out of business (like they did with many others).
So then why wouldnt other companies not raise their prices and take a huge portion of the market share?
Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
I agree to some extent, but they are still battling against one another for the business, so they cant just raise prices or they lose market share, typically.
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
That is price fixing and can end them up in jail and is super obvious when on a large scale. Why couldnt it be the government just printed a bunch of money and that caused inflation?
I might have my tin foil hat on but I think large companies collude to not undercut each other too much. Late stage capitalism things.
The issue with that is that all companies have done it and it would literally be impossible to hide price fixing on big corporations like this. And they are competitors, they would gladly take their money.
https://mastodon.gamedev.place/@badlogic/111071396799790275
The internet has made real time collaborative price fixing possible.
Except that its illegal and it would be a very provable thing.
Lol
It’s only illegal if it hurts someone the law sees as worth protecting.
Cable companies all do it.
How do you know?
This is absolute fairytale nonsense. This is only the stuff we know about:
https://wikipedia.org/wiki/Price_fixing_cases
Every market from Tuna to CDs. Companies want your money, and they know unions work. It’s so common Matt Damon was in a movie about a famous example.
https://wikipedia.org/wiki/Lysine_price-fixing_conspiracy
Oh yeah a handful of cases over decades indicates a conspiracy in virtually every market around the world… Or maybe the governments printed trillions of dollars (and other currencies)… If you think the prices going up right now is due to “greedflation” then you are a conspiracy theorist and a government shill all in one.
Sure, that makes total sense, if greedflation were only happening in the US. It’s a worldwide problem.
Yeah the government is paying me to post facts on lemmy from my toilet. That is totally a real and normal thing to think when confronted with new information.
I am not saying you are the one spreading the propaganda, you are just part of the group believing it.
Is that really the best you have? You can just believe the propaganda if you wish, just please stop voting.
Half the market at a 10% margin is better than all the market at 3%.
Maybe, maybe not, it would depend.
they have, in norway there’s the Kiwi chain that has kinda steamrolled the market by just… having things people can actually afford?
It’s not a guaranteed cheat code, it didn’t really work when lidl tried it here in sweden, but it can absolutely work.
Good for them. In the US, if prices were not going up due to government monetary and other policies, places like Walmart and Amazon would keep there prices low and put the smaller chains out of business (like they did with many others).