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> This is just pure greed Well, pure capitalism. I suppose the terms are synonymous, though.
by bluerooibos 3mo ago
> This is just pure greed
Well, pure capitalism. I suppose the terms are synonymous, though.
- pyronite 3mo agoThis is unfortunately the market and “capitalism” working as it should. Price goes up, incentive to produce more goes up too.
- Capricorn2481 3mo agoNot necessarily. If the entire industry triples its prices and alienates 40% the market, it's still coming out ahead. It only incentivizes producing more if there are enough people unwilling to pay for the new prices, or if it were easy for a newcomer to come in (it's not)
- compiler-guy 3mo agoPretty sure greed existed long before capitalism was a twinkle in any economist's eye. The East India Company was rapacious and evil and full of greed. But it was mercantilist. https://en.wikipedia.org/wiki/Mercantilism https://en.wikipedia.org/wiki/Mercantilism