Comment on Why has the world gone to shit?

givesomefucks@lemmy.world ⁨9⁩ ⁨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

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