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> What if society would treat companies raising prices as betrayal? They often do just that. Usually through government actions that limit or cap price increa
by horsawlarway 4y ago
> What if society would treat companies raising prices as betrayal?
They often do just that. Usually through government actions that limit or cap price increases in goods, or policies that discriminate against companies based on previous behavior. Last time the US had a real run at it was the Nixon price/wage caps in the 70s, but it's definitely getting traction again when we're seeing corporate taxes at historic lows, profits at historic highs, and inflation popping up again as a real risk.
This whole "trust" thing is a big fucking deal, regardless of what folks might like to think, and it absolutely does extend to the relationship corporations have with the public.
I personally don't think the controls usually work the way they're intended (it's mostly bad news), but I don't mind the punishment aspect of them in regards to betrayed trust.