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This comment conflates inflation with monopolistic pricing/cartel pricing where either a single entity or a group of entities collude to drive up prices. Monop
by testfoobar 4y ago
This comment conflates inflation with monopolistic pricing/cartel pricing where either a single entity or a group of entities collude to drive up prices. Monopolistic and cartel power should be restricted or regulated. So for example, I don't believe this merger should be approved.
Corporations are in the business of increasing profit - Covid didn't magically incentivize companies to become more greedy than before. Corporations are always greedy. Why leave any profit on the table? Take for example, a tech worker that has learned to switch jobs every few years, increasing base+bonus with each job change. Are they greedy?
- specialist 4y agoConsumers (and infotainment) regard any price increases as "inflation". Agree that we should cease carve out and resume chartering corporations to serve the public interest.
- not2b 4y agoIf prices go up, it is inflation, whether it is caused by cartel pricing or by the traditional "too much money chasing too few goods". I'm suggesting, and there seems to be good evidence for this, that when economies were first opening up as Covid restrictions were eased it was mainly the latter problem, but now it is mainly the former problem.