News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
Greed was always there. Such a constant does not explain why now prices are rising.
Because when supply chains got fucked up during COVID, they raised their prices for legitimate reasons, and found to their delight that people kept on buying, and In fact, because people were panic shopping, and stuck at home bored, they actually bought more.
So when things calmed down, instead of lowering prices, they continued to rise. because if they didn't, they'd be making less profit than last quarter (which is unacceptable)
Combine that with the wage stagnation that's been going on for decades and a housing shortage and you now have an economy where people can't afford rent, food, or basic goods
It’s greed plus tacit coordination. If all the companies in an industry raise prices at the same time, and almost none of them defect by unilaterally lowering prices, then they can all increase prices together. One theory is that markets are too concentrated now so tacit coordination during inflationary periods are easier.
They noticed that everybody else was rising the prices and that they can get away with it.
When you get fit everyone a board room table, you don't have competition. You have an oligopoly. At the highest level of these companies, everyone knows everyone. They all go to the same events, people have moved around between the companies, and they all run in the same social circles.
Because they can. People have more to spend, so businesses charge more.
It's called "maximizing profit."