this post was submitted on 09 Nov 2024
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The answer is capitalism. This is a direct result of capitalism.
That's nonsense, because whenever there is a product being sold at such massive markups, there is a HUGE opportunity to make money simply by undercutting the market (i.e. selling a cheaper alternative).
Either this is the result of overregulation forbidding cheaper, imported alternatives to be sold, monopoly control, or there's more to the story than OP is telling us (such as iron only being this cheap in Germany because it's subsidized / covered by insurance, etc.)
That's only part of the answer. Without capitalism the infusion wouldn't even exist. It's unfettered, unregulated, fundamentalist capitalism that's the problem.
Lmao so capitalism only works when it's HEAVILY regulated.
I hate to tell you this, but you're saying that capitalism only works when it's not capitalism.
Most things in life are not binary, they are on a spectrum. So is capitalism.
Now do socialism 😀