this post was submitted on 05 Nov 2023
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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]
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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.

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[–] [email protected] 8 points 8 months ago* (last edited 8 months ago) (1 children)

There’s a solution: legally mandating price ceilings

This populist idea has been done many times and it always leads to the same outcome: businesses stop stocking unprofitable items.

Learn from history, people.

[–] [email protected] -3 points 8 months ago* (last edited 8 months ago)

The ceiling would have to still be profitable. And if this is a thing people need but can't afford while profitable, the government should provide it.

People need to learn from history and realize corporations exist to serve the people and at the people's pleasure. You have to apply for a corporation and a we've seen with Trump, can be dissolved. Which should really happen a lot more often.