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People that admit "yes" to this (or similar ones: subsidization causing increasing rent to match, etc) are acknowledging that prices aren't really set by supply
by komali2 1y ago
People that admit "yes" to this (or similar ones: subsidization causing increasing rent to match, etc) are acknowledging that prices aren't really set by supply and demand, nor were they ever, nor will they ever be.
Prices are as high as companies can get away with charging, and they can collude to get these prices higher if need be, or lie about a product, or spend decades as an industry convincing you that you need something you don't.
If the market worked as economists always scold us that it does when they want less socialism, it wouldn't matter a lick what someone's salary is. That doesn't affect supply and demand, after all.