this post was submitted on 29 Aug 2024
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Economics
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Ohh shocker price gouging has consuques.
Firs they compete who can fuck over the peasant more, then they go out of business one by one as people either adjust to what they can afford or go homeless.
Welcome to 2024 America
From a corporate analyst perspective, each of these companies working in isolation thought they had the breathing room to increase their prices and profits. Double the price, sell more than half that you used to, boom profit goes up. But I think too many companies did it at once, and too many costs rose in necessities, and they ate into each others lunches.
Like in game theory!!!!