“Congress has stalled out on doing work that it could do to help families lower costs," Sen. Warren tells TIME. "The President has the tools to fight back.”
So the questions are collusion and abuse of a monopoly. Is that happening? Price gouging is not illegal, but competition usually limits it, if there is effective competition.
We’ve had similar ridiculous inflation as everyone else, but this is not an area dominated by one chain. We have several major chains and Walmart is just one of them: are they all colluding? Is there some vast conspiracy? Within the confines of the new much higher prices they seem to be competing as much as before
So the questions are collusion and abuse of a monopoly. Is that happening? Price gouging is not illegal, but competition usually limits it, if there is effective competition.
We’ve had similar ridiculous inflation as everyone else, but this is not an area dominated by one chain. We have several major chains and Walmart is just one of them: are they all colluding? Is there some vast conspiracy? Within the confines of the new much higher prices they seem to be competing as much as before
Imagine defending capitalists fucking over the very customers they serve.
They’ve always been conspiring. They just rarely get caught. It’s even easier now because they can all use the same “market pricing software”.
https://en.wikipedia.org/wiki/Price_fixing_cases