
As a result of [COVID], there were corporations that said, woah, now that we have inflation, now that prices are up overall, this is a great opportunity for us to raise prices, not just in passing along costs, but to go way, way, way above that,” Warren said, citing soaring profit margins, especially in less competitive industries……( and we all know about monopolistic mega corporations predatory practices).
But..as usual...far right extremists libertarians tech bros insist on the free of consequences market predatory practices disguised as
‘supply and demand “..😑:
“If beef is too high, people don’t move to chicken — competitors don’t come in to undercut where the beef prices are. Nothing works when you try to artificially try to control prices. It’s just a supply and demand issue. It’s a flawed idea”….
No..greedflation by monopolistic mega corporations predatory practices and free of consequences market is not a supply and demand issue..
The same thing with mega corporations predatory practices adding plastics to everything Americans eat causing strokes and chronic illness is not a supply and demand issue…
No..racketeering and dismantling America economy system and Americans workers future is not a supply and demand issue...
https://www.yahoo.com/news/elizabeth-warren-cuts-off-cnbc-224103943.html
Far right extremists libertarians tech bros whining about ‘price control ‘ : where have you been for the last 30 years as three dozen states have price gouging laws and they have used them effectively?” Warren answered, price gouging laws kept markets on the rails and consumers protected.
byu/BikkaZz ineconomy
by BikkaZz