328
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 05 Nov 2023
328 points (98.5% liked)
Canada
7187 readers
442 users here now
What's going on Canada?
Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
π Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown
- Toronto Blue Jays
Basketball
- List of All Teams:
unknown
- Toronto Raptors
Soccer
- List of All Teams:
unknown
- General Community: /c/CanadaSoccer
- Toronto FC
π» Universities
π΅ Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
π£οΈ Politics
- Canada Politics
- General:
- By Province:
π Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
(food companies all raise prices.)
"Well I'm not letting them get away with that, I'll starve to death, that will teach them!"
(Electric companies raise prices)
"Screw you too! I'll sit in the heat and darkness!"
(Gas companies raise prices)
"Ha! I'm already used to this from the last 2, I'll just walk 4 hours to work and live with no heat in the northeast us! No prob!"
Yeah... We "let" this happen.... Ffs...
To be fair I skimmed the article and I don't see the: "we let them sentiment in it" ... I think that may be a bit of editorial liberty.
The articles does seem to empathize with us:
You realize we used to own most of those, right? And the public voted for politicians who sold them for next to nothing?
Through cheating and lying. Gerrymandering.
And then some smaller company goes, "wait a sec, you're telling me I can increase my market share a bunch if I don't raise prices? Cool, let's do that. I can make a bunch of money on volume." And then some other company does the same thing, and so on until they all do. UNLESS an input into that industry has gone up in price and they all have to raise just to stay afloat. Then we're back to talking about inflation, supply chains, and money supply instead of companies just choosing to raise prices due to greed or something.
UNLESS the smaller set of players and lack of enforcement of toothless regulation allows them or even incentivizes them to engage in collusion and price fixing.