this post was submitted on 14 Feb 2024
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[–] LodeMike@lemmy.today 37 points 2 years ago (2 children)

Only temporairally. Prices would fall back down again as competition theoretically kicks in.

[–] HorseRabbit@lemmy.sdf.org 43 points 2 years ago (2 children)

You don't really believe that, do you?

[–] IndiBrony@lemmy.world 33 points 2 years ago (1 children)

The wealth will trickle down eventually 👍

[–] Phil_in_here@lemmy.ca 13 points 2 years ago

Surely the dragon will be satisfied when we let him eat the next village!

[–] LodeMike@lemmy.today 2 points 2 years ago (1 children)

I do. It’s basic market forces.

I say therothetically because the US doesn’t enforce antitrust laws.

[–] candybrie@lemmy.world 31 points 2 years ago (3 children)

Prices usually don't fall. Falling prices are generally seen as really bad. Prices instead stop going up so fast.

[–] TeckFire@lemmy.world 6 points 2 years ago

To some degree. We’ve seen prices rise in the pandemic and drop back down substantially over time back to pre-pandemic numbers. Look at price trends for construction supplies, for instance. Not sure if that is what you’re referring to, however

[–] LodeMike@lemmy.today 2 points 2 years ago

Relative to inflation.

[–] SolarMech@slrpnk.net 1 points 1 year ago* (last edited 1 year ago)

Which is "ok" as wages will start to go up over time (for some). But some wages don't climb as fast and some people are on fixed revenue (old people, disabled people).

So it requires readjustments