A report found that large firms pressured suppliers to favor them over competitors. It also concluded that some retailers “seem to have used rising costs as an opportunity to further hike prices.”
  • Midnitte@beehaw.orgEnglish
    29·
    2 years ago

    Of course they did, who was trying to stop them?

    The FTC takes too long to respond to such price gouging, and now that price is baked into prices.

    • sadreality@kbin.social
      13·
      2 years ago

      Businesses fleeced us good. Got bailouts and then priced gouged the plebs to ensure they don’t keep a penny of that mythical 3k USD covid payment that lasted 3 years!

      This was way better than 2008 for them. Next one gonna be so grand!

  • t3rmit3@beehaw.org
    3·
    2 years ago

    Another day, another indicator of the inherent immorality of profit-seeking systems…