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ECON 101
(lemmy.world)
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this post was submitted on 29 Dec 2023
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Inflation rate doesn’t mean as much when the monopolies that own all of our grocery stores and the like price gouge because they can and not because of actual economic pressure.
It's always because they can.
Yup, with capitalism you charge what the market will bear.
This is why we need more Grocer Cooperatives and just more consumer and worker cooperatives in general.
That is economic pressure. Them doing what they can to get as much as they want is the force of nature that the term “economic pressure” refers to.
That pressure is normally balanced by other economic forces such as the struggle to capture more market share.
So I agree with you that our grocers have gotten a lot bolder in their monopolistic positions. But I don’t think it’s from anything other than a natural economic pressure, just channeled through a market with a new shape that prevents that other pressure acting against it.