this post was submitted on 05 Nov 2023
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Collectively agreeing to raising prices is anti-competitive collusion and illegal.
Collectively raising prices is anti-competitive coordination and legal.
Pandemic and supply shocks is a perfect excuse to do the latter.
Good luck to whoever is trying to solve this.
There's a solution: legally mandating price ceilings. Good luck getting through Congress but the solution to market coordination can't be market forces.
This populist idea has been done many times and it always leads to the same outcome: businesses stop stocking unprofitable items.
Learn from history, people.
The ceiling would have to still be profitable. And if this is a thing people need but can't afford while profitable, the government should provide it.
People need to learn from history and realize corporations exist to serve the people and at the people's pleasure. You have to apply for a corporation and a we've seen with Trump, can be dissolved. Which should really happen a lot more often.