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What do you mean? Did you read the article? There’s so much evidence showing that it was the opposite. Their profits shot up 3x in 2023 and 5x in 2024. They ha
by oersted 3mo ago
What do you mean? Did you read the article? There’s so much evidence showing that it was the opposite.
Their profits shot up 3x in 2023 and 5x in 2024. They had 70%-140% profit margins. They publicly said that the end of the flu was a risk for their profits. There’s plenty of messaging recording explicit price collusion.
How is that a natural supply shortage?
The underlying economic factor is simply that monopolies or cartels will always try to manipulate prices in their favor if they can.
- miyoji 3mo agoFree-market libertarianism is a disease for which evidence is no cure.
- smokefoot 3mo agoYeah but the smoking gun is that volumes didn’t really go down much. I would buy higher unit margins on a shrinking volume, but for total profits to materially increase that means prices went up without a significant impact to volume. That smells rotten.
- treis 3mo agoThe indictment has them talking about 2 cent price swings. Like I said, this is goosing the margins. It's not an industry wide thing that tripled prices.