Comment on Why has the world gone to shit?
givesomefucks@lemmy.world 10 months ago
Unregulated capitalism…
This is the natural result of that.
COVID factored in because the handful of corporations that own a shit ton of companies figured out 8% inflation could be used as justification to double/triple prices, and if they all did it, consumers had no options.
In regulated capitalism, the government would step in to prevent this type of price fixing.
But when both political parties are “pro business” and take donations from those huge corporations…
Then corporations get away with lots they shouldn’t
AnneBonny@lemmy.dbzer0.com 10 months ago
like this?
nytimes.com/…/yale-columbia-price-fixing-settleme…
reuters.com/…/drivers-sue-us-shale-oil-producers-…
texastribune.org/…/rice-university-price-fixing-l…
propublica.org/…/doj-backs-tenants-price-fixing-c…
apnews.com/…/egg-producers-price-gouging-lawsuit-…
reuters.com/…/frances-saint-gobain-others-hit-wit…
givesomefucks@lemmy.world 10 months ago
I looked at some of those, and it’s private citizens suing corporations…
Even the rent one with the DOJ, it’s just them becoming involved in private lawsuits…
That’s not the same as the government regulating capitalism.
And while that one is sort of related to the topic, not really. It’s because the price fixing is automated by a computer program a bunch of landlords used.
In the future if you only give one link and some kind of explanation other than “like this?” The person you replied to can probably do a better job of helping you understand.
AnneBonny@lemmy.dbzer0.com 10 months ago
This is like saying that Texas doesn’t regulate abortion because it’s just private citizens filing lawsuits. That is bullshit.
Without the regulations, there would be no legal basis for filing a lawsuit.
JustMy2c@lemm.ee 10 months ago
Yes, but a HUNDRED TIMES MORE! AND WITH ACTUAL PENALTIES INDEMNITY ETC