Memo to the media: Don't write about corporations suddenly lowering prices without mentioning how their profits have been skyrocketing or their tax bills have been shrinking. They could have kept prices lower all along. They chose note to. Give people the full picture.
@rbreich this is an intentional side-effect of increasing market concentration stifling competition, the result of the deliberate sabotage of antitrust law by the likes of Robert Bork (yes, that Bork). Here’s a forensic exposé, by a conservative publication of all places:
@rbreich This is basic capitalism. Unless we deal with that, we are just pissing in the wind. They do what they do and unless we convert to socialism, that that's just the way it is. And I am sure you know that.
@rbreich Since when have prices ever been lowered? Since never. It's just that sometimes the Government intervenes when they are so high and people start dying. See the surging prices of insulin.
@rbreich
Disaster capitalism: global issues hit supply/demand and escalate prices; companies stick a premium on that over and above their increased overheads, then put an extra premium on that for a laugh to see what they can get away with, then walk it back to pretend they are doing you a favour whilst maintaining it at an escalated level.
It's all a scam.
What else are they going to do in end stage capitalism? I mean, there are more than enough stupid people around to fall for it.
@rbreich And don't say it is corporations doing it as if corporations are sentient beings making these decisions. It’s the people leading those corporations because they want a bigger bonus and increasing investor profits is enshrined in the law as their primary duty.