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If inflation is caused by selfish companies raising their prices, why are they only doing it now and not, say, three years ago? Did they only decide recently th
by whoooooo123 4y ago
If inflation is caused by selfish companies raising their prices, why are they only doing it now and not, say, three years ago? Did they only decide recently that they want to make more money?
- xhrpost 4y agoIt's a good question, seems like corporations have more power to do so now, from linked article: >Corporations have the power to raise prices without losing customers because they face so little competition. Since the 1980s, two-thirds of all American industries have become more concentrated.
- whoooooo123 4y agoHmmmm, I suppose we did just spend two years crushing small businesses into the ground, so I imagine that big corporations do have less competition than ever at the moment.