Thing is…there is no real free market with proper competition, anyway. If there was such a thing, my groceries wouldn’t cost double now from what they were a mere five years ago (or quadruple, if looking at soda like Coke and Pepsi products). There is rampant collusion and price-fixing going on and not a damn government official seems to be doing anything about it. And yeah, the “but but the pandemic” excuse runs pretty thin as the years of this gouging continues.
Funnily enough, not even neoliberals believe in the free market regardless of how much they spout its nonsense.
Thatcher was one of such neoliberals, she would always talk about how people should become self-sufficient and governments shouldn’t interfere in the free market for it to truly work and so on, but during her rule she was spending billions in subsidies for corporations (aka government interference in the free market). Of course, they weren’t called subsidies in the paperwork but some other bullshit like “public investment”, but their effect was still the same.
Is the pandemic really the main claimed reason in the US? Here in central Europe it seems that since February of 2022, all products have been coming exclusively from Ukraine, so that is why they just had to become more expensive you know…
That joke was good, but it’s old now. Everyone should understand that it was due to the peak of oil/gas prices due to the Ukraine war, that had cascade effects on the price of transportation, fertilizer, energy, groceries…which then compounded into general inflation with some price gouging too to keep it from going back as quickly.
If you want to keep that from happening again, gradually reduce your dependence on fossil fuels for your security, not just to “be green”.
Many businesses in the US still cling to that trope, yes. We all understood that it was to a be a temporary issue in 2020 and 2021, but businesses took that to mean they could just never drop their prices now that people were willing, at the time, to pay for it. I’m not talking luxury goods either, I’m talking about staples to maintain life, such as meat, vegetables, and even water prices have risen. This is untenable for many, many people.
In the USA, the FTC is actually taking grocery store chains to court over collusion and price fixing, presumably will target specific brands once more data gets released via the court proceedings.
So there are government officials doing things about it, but nobody ever seems to give them any fucking credit and every few years we vote in new politicians who gut the agency.
Thing is…there is no real free market with proper competition, anyway. If there was such a thing, my groceries wouldn’t cost double now from what they were a mere five years ago (or quadruple, if looking at soda like Coke and Pepsi products). There is rampant collusion and price-fixing going on and not a damn government official seems to be doing anything about it. And yeah, the “but but the pandemic” excuse runs pretty thin as the years of this gouging continues.
Funnily enough, not even neoliberals believe in the free market regardless of how much they spout its nonsense.
Thatcher was one of such neoliberals, she would always talk about how people should become self-sufficient and governments shouldn’t interfere in the free market for it to truly work and so on, but during her rule she was spending billions in subsidies for corporations (aka government interference in the free market). Of course, they weren’t called subsidies in the paperwork but some other bullshit like “public investment”, but their effect was still the same.
Is the pandemic really the main claimed reason in the US? Here in central Europe it seems that since February of 2022, all products have been coming exclusively from Ukraine, so that is why they just had to become more expensive you know…
That joke was good, but it’s old now. Everyone should understand that it was due to the peak of oil/gas prices due to the Ukraine war, that had cascade effects on the price of transportation, fertilizer, energy, groceries…which then compounded into general inflation with some price gouging too to keep it from going back as quickly.
If you want to keep that from happening again, gradually reduce your dependence on fossil fuels for your security, not just to “be green”.
Many businesses in the US still cling to that trope, yes. We all understood that it was to a be a temporary issue in 2020 and 2021, but businesses took that to mean they could just never drop their prices now that people were willing, at the time, to pay for it. I’m not talking luxury goods either, I’m talking about staples to maintain life, such as meat, vegetables, and even water prices have risen. This is untenable for many, many people.
In the USA, the FTC is actually taking grocery store chains to court over collusion and price fixing, presumably will target specific brands once more data gets released via the court proceedings.
So there are government officials doing things about it, but nobody ever seems to give them any fucking credit and every few years we vote in new politicians who gut the agency.
This is news to me! You got a link to a credible source? I’d love to read it so I can hopefully change my opinion some.
EDIT>> Found it on my own, and it’s the FTC, not the FCC.
And this was posted one day ago, so I would think I could be forgiven for that :)(Seems it’s been in the works since March, at least) https://www.independent.co.uk/news/world/americas/us-politics/grocery-cost-inflation-investigation-b2594782.htmlInvestigation report form March LINK
April actions LINK
2 days ago LINK
Also they sued to stop the Albertsons Kroger Merger LINK
Everything else I said was pure assertion on my part, but the point still stands
Thanks! That’s definitely more than I found. I didn’t know it goes back to March. Much appreciated.
Well you can find various FCC lawsuits going back decades but nobody ever talks about any of that stuff.
I think you mean FTC, but I’ll research to learn more. Thanks!
FTC oversees securities exchanges, primarily. Things like the stock market.
You’re mistaken. That’s the SEC. FTC is commerce and trade.
The best bureaucrat we have is Lina Khan and all the wealthy donors on both sides want her gone.