4 ms·
> 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 compani
by 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?