Post AlCkncsAEtrP5ermsq by ATLeagle@mastodon.online
 (DIR) More posts by ATLeagle@mastodon.online
 (DIR) Post #AlCTSqamKw0aL4EzOC by jeffjarvis@mastodon.social
       2024-08-21T18:29:59Z
       
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       This lead story in the #BrokenTimes sets up a gang of strawmen & throws in a match. Harris never calls for price controls. The #BrokenPost said she did, never corrected it; that's quoted here: how misinformation spreads.Second, no one promised this would bring prices down immediately. It is obviously for the future. The Times presumes otherwise. Third, everyone knows the gouging is not at the retail level but among manufacturers, but here the Times quotes Target. https://www.nytimes.com/2024/08/21/business/economy/harris-price-gouging-ban-groceries.html?smid=tw-share
       
 (DIR) Post #AlCTSrGbpPT8QnoOae by futurebird@sauropods.win
       2024-08-21T18:38:00Z
       
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       @jeffjarvis "Third, everyone knows the gouging is not at the retail level but among manufacturers"... I didn't know that. So I suspect most people don't know this.
       
 (DIR) Post #AlCVQ1bF9dTPW9EwgC by charvaka@hivemind.plus
       2024-08-21T18:59:54Z
       
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       @futurebird @jeffjarvis The food industry is highly consolidated and the companies brag about their pricing power in earnings calls. Lack of competition also leads to "sticky prices" that go up when commodity prices go up but don't come down when commodity prices come down. https://www.theguardian.com/environment/ng-interactive/2021/jul/14/food-monopoly-meals-profits-data-investigation
       
 (DIR) Post #AlCkncsAEtrP5ermsq by ATLeagle@mastodon.online
       2024-08-21T21:52:18Z
       
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       @futurebird @jeffjarvis profits rising faster than "inflation" makes this not possible.