A WSJ article looked into the rise in food prices and said:
Many small manufacturers that have raised their prices have another explanation. They say they also are being squeezed by the distributors who act as gatekeepers to many supermarkets.
...
These days, the chief executive of Yellowbird Foods relies on national distributors to ship his product to stores, a process he said is riddled with obscure costs that make it hard to know what, if anything, he'll be paid.
...
Many smaller food makers complain they are being gouged, and that fees and other charges that stream in from distributors have forced them to raise their prices to stay in business.
So basically, every voice that said that greedflation was a conspiracy theory was wrong and Kamala was 100% right.
Jump in the discussion.
No email address required.
"price gouging" is only a thing when there is a disaster or something and a merchant raises peices just to take advantage of people's desperation. If something wrong/illegal is happening in this case itd be called "price-fixing" i think, where the distributors or grocery chains all coordinated as a cartel to raise prices on everyone which might be a anti-trust violation or something, butt idk. Either way wrong nomenclature
!slots1000
Jump in the discussion.
No email address required.
No. Price gouging means "you priced something too high too soon according to our arbitrary law." That's it.
"Price gouging" tells buyers and sellers that a certain place needs more of something, and the windfall profit incentives them to get that shit there as soon as possible. Eventually, the price comes back down as the supply meets the new shift in demand.
But if you ban that, you get a shortage and more chaos. Government always creates this shit, and r-slurs always blame markets for it instead of government. Butthead.
Jump in the discussion.
No email address required.
More options
Context
More options
Context