Did grocery chains take advantage of COVID shortages to raise prices? FTC says yes in new report : aboringdystopia

[-] Hello_there@fedia.io 49 points 7 months ago

Remember all the people telling us this wasn't happening?

[-] soggy_kitty@sopuli.xyz -3 points 7 months ago

No I don't

[-] PP_BOY_@lemmy.world 28 points 7 months ago

This is just capitalism working as intended. The fact that these price increases are being sold as some kind of abnormality is some real neolib brain in action. It isn't "greedflation," it's literally the same capitalism we've lived with for centuries.

[-] I_Fart_Glitter@lemmy.world 16 points 7 months ago

It was on a bit of a speed run for a while there. Things don't normally jump $1-4 in a single leap.

[-] jol@discuss.tchncs.de 21 points 7 months ago

So now what. Will they have to reduce them again? Haha jk jk. Fuck us.

[-] taanegl@lemmy.world 10 points 7 months ago

If it's okay to price gouge, it's okay to steal.

[-] mlg@lemmy.world 16 points 7 months ago

Yeah I knew we were screwed when places like Walmart were still "complaining" about covid supply chain shortages well into 2023, despite the fact that some local farmers were selling eggs so cheap that people where trying to figure out what the "catch" was.

[-] TheFriar@lemm.ee 4 points 7 months ago

Dude, have egg prices gone back up in the past couple weeks near you all as well? I couldn’t find a dozen for under $5 the other day—and those are like, the pink styrofoam carton white factory farm eggs. Burn it all fuckin down

[-] themeatbridge@lemmy.world 14 points 7 months ago

Filed in the "No fucking shit" folder.

[-] KyuubiNoKitsune@lemmy.blahaj.zone 11 points 7 months ago

I think the Australian consumer protection agency released a report saying similar a few months ago already. They basically said the high inflation rate was a result of price gouging and corporate greed.

[+] seth@lemmy.world 10 points 7 months ago

[deleted]

[-] evan@midwest.social 4 points 7 months ago

Sue all of the corporations and distribute the I’ll-gotten gains back to us in a surplus check.

[-] Conyak@lemmy.tf 3 points 7 months ago

And they are going to take action to get that money back for citizens, right?

[+] Got_Bent@lemmy.world 1 points 7 months ago

[deleted]

[+] shortwavesurfer@monero.town -20 points 7 months ago

Groceries have about a 2% markup. If prices were not raised due to inflation, you would see shortages at the grocery store. Do you enjoy shortages? Because I don't. If the government starts putting price controls on shit, you're going to see rapid deterioration real quick. As an example, the governments might say that a grocery store can only sell Oreos for a dollar. And okay, that's fine. Except that grocery store won't have any Oreos when you want them. But you can go to your local drug dealer and get Oreos for three dollars if you wish.

[-] Bakkoda@sh.itjust.works 5 points 7 months ago

Our local food pantries are literally overflowing with donations from Hannaford, Price Chopper and some other local markets. The stuff is on the shelves here just a lot of it isn't being bought because it's a slightly more expensive option.

A Boring Dystopia