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Peter Navarro says shrinking US economy is good news
(www.newsweek.com)
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And that’s basically it!
It's literally how capitalism works, so yes. They don't care if it's "mean." They will ALWAYS price things as high as they can, and they will push it as far as they possibly can before sales start to dip.
If it's a publicly traded company, they will literally oust you as CEO if you aren't doing this because you'd be leaving money on the table.