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How do all businesses in the world coordinate to raise prices simultaneously? And if all prices are rising, aren't businesses costs also rising? If that's so, h
by rmbyrro 3y ago
How do all businesses in the world coordinate to raise prices simultaneously? And if all prices are rising, aren't businesses costs also rising? If that's so, how are they making more profit across the board, as you suggest?
- polygamous_bat 3y ago> How do all businesses in the world coordinate to raise prices simultaneously? Because anti-trust is a joke, and most brands are owned by a handful of companies, which are chaired over by even fewer handful of investment firms. We are light-years away from the times when business mostly meant mom-and-pop where large scale coordination was impossible. Hell, big tech companies coordinated no-poaching agreements back in 2005, and you think corporations can't possibly find a way to coordinate price hikes in 2023?
- jacknews 3y agoMaybe the same mechanism where they're all laying people off at the same time, despite still making handsome profits, in many cases even increasing YoY.