3 ms·
Because the basic economic argument against this theory is pretty sound. Companies can't arbitrarily raise prices because market competition drives profits down
by Barrin92 3y ago
Because the basic economic argument against this theory is pretty sound. Companies can't arbitrarily raise prices because market competition drives profits down. It's why highly competitive industries like the restaurant sector aren't profitable, everyone competes for the same consumers, and the lowest cost provider will win.
Inflation doesn't actually change anything about this so if companies can just collude and make up prices the question is why did they only start doing it three years ago
- alexaholic 3y ago> Companies can't arbitrarily raise prices The article suggests this is false
- surement 3y agothen you know it's not a great article.
- ClumsyPilot 3y agoI know you are not critically engaging with it. You know how you think the world should work and you reject evidence in front of you. You do not liok for counter-evidence, or find faults in the evidence presented - you just reject it outright, like how flat earther rejects physics
- deleted 3y ago[deleted]