this post was submitted on 05 Nov 2023
316 points (98.8% liked)

Canada

6940 readers
334 users here now

What's going on Canada?

Communities

🍁 Meta

πŸ—ΊοΈ Provinces / Territories

πŸ™οΈ Cities / Regions

πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

πŸ’» Universities

πŸ‘’ Lifestylecoming soon

πŸ’΅ Finance / Shopping

πŸ—£οΈ Politics

🍁 Other

Rules

Reminder that the rules for lemmy.ca also apply here:

  1. No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
  2. Be respectful. Everyone should feel welcome here.
  3. No porn.
  4. No Ads / Spamming.

founded 3 years ago
MODERATORS
[email protected]
316
It's not your imagination: Companies are more willing to raise their prices now β€” and it's because we let them (www.cbc.ca)
submitted 8 months ago by [email protected] to c/[email protected]
68 comments fedilink hide all child comments
 

Supply chains, worker wages and the price of energy has been blamed for the current bout of high inflation. But central bankers around the world are starting to clue in to something consumers have been aware of for a while β€” corporations just aren't afraid to raise their prices anymore.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 32 points 8 months ago (19 children)

Collectively agreeing to raising prices is anti-competitive collusion and illegal.

Collectively raising prices is anti-competitive coordination and legal.

Pandemic and supply shocks is a perfect excuse to do the latter.

Good luck to whoever is trying to solve this.

[–] [email protected] 3 points 8 months ago (11 children)

There's a solution: legally mandating price ceilings. Good luck getting through Congress but the solution to market coordination can't be market forces.

[–] [email protected] 13 points 8 months ago (4 children)

We don't have a congress in Canada, so it would be impossible.

[–] some_guy 5 points 8 months ago (1 children)

Oh he was talking about America on an article about Canada in a Canadian community. Because he doesn’t read articles, just posts uninformed hot takes that he expects everyone to agree with.

[–] [email protected] 2 points 8 months ago

I did the same thing, but it's because we're all seeing the same things as far as cost increases and governments sitting on their hands.

load more comments (2 replies)
load more comments (8 replies)
load more comments (15 replies)