• flandish@lemmy.world
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    6 hours ago

    i want them to prove it. just like with covid price hikes, and standard capitalism’s greed, I don’t believe them. at all.

    edit: downvoters - do you think I believe businesses were honest during covid? hell no. why downvote? businesses are all evil. how’s adam smith’s boot taste?

      • superniceperson@sh.itjust.works
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        17 hours ago

        Companies reached peak profits during the height of COVID, proving that the price increases were not primarily caused by supply issues.

        We’ve seen it more recently with egg prices greatly outpacing actual supply shortages.

        ‘supply and demand’ isn’t what sets a price, and hasn’t been for more than a century. Prices are simply set as high as the market can bear.