Comment on Kroger executive admits company gouged prices above inflation

dual_sport_dork@lemmy.world ⁨2⁩ ⁨months⁩ ago

• borth@sh.itjust.works ⁨2⁩ ⁨months⁩ ago

  Consequences!!?? No, we’re just telling you about this shit we found.

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• cybervseas@lemmy.world ⁨2⁩ ⁨months⁩ ago

  To be pedantic, in the meme format (as in the original movie), Padmé asks the same question twice. The second question is not just “Right?” knowyourmeme.com/memes/for-the-better-right

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  • SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

    I have altered the meme. Pray I don’t alter it more.

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    • cybervseas@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Oh goodness, you’re very good at getting my goat.

      “Pray I don’t alter it any further.” knowyourmeme.com/memes/i-am-altering-the-deal

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      • Snailpope@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Luke to Darth Vader “Anakin I am your son!”

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      • SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Yes, that was part of the joke.

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      • beebarfbadger@lemmy.world ⁨2⁩ ⁨months⁩ ago

        Memes are fair game in this wretched hive of scum and evilitude.

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  • octopus_ink@lemmy.ml ⁨2⁩ ⁨months⁩ ago

    I’m not usually a stickler for adhering closely to meme “rules” but this one drives me batty. I never have the courage to correct folks though, so have your lemmy gold!

    Image

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    • cybervseas@lemmy.world ⁨2⁩ ⁨months⁩ ago

      I’m honored! I’ll never have mutton chops like Kilmister’s.

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    • TheRedSpade@lemmy.world ⁨2⁩ ⁨months⁩ ago

      Why is Lemmy gold an undead pirate. Not that I have a problem with it

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      • prole@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago

        Bruh that’s Lemmy Killmeister from Motorhead.

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      • octopus_ink@lemmy.ml ⁨2⁩ ⁨months⁩ ago

        :D

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        en.wikipedia.org/wiki/Lemmy

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• Worx@lemmynsfw.com ⁨2⁩ ⁨months⁩ ago

  Why though, what did they do wrong? They’re allowed to set their prices how they like as long as they’re not coluding with competitors.

  (I’m not saying it doesn’t suck, obviously, but they are just doing a capitalism)

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  • SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

    When you say “wrong,” what do you mean? Are you arguing that their actions are morally just, or merely not too illegal?

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    • technocrit@lemmy.dbzer0.com ⁨2⁩ ⁨months⁩ ago

      Capitalism violently forces people to serve capital for food, shelter, and other basic human needs.

      This is slightly worse than usual.

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    • Worx@lemmynsfw.com ⁨2⁩ ⁨months⁩ ago

      I’m questioning whether they did anything illegal. It’s quite obvious (to me, at least) that what they did is morally wrong

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      • SpaceNoodle@lemmy.world ⁨2⁩ ⁨months⁩ ago

        “Wrong” is certainly the wrong word, then.

        Price gouging does run counter to some states’ consumer protection laws.

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  • beebarfbadger@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Were this capitalism, the competition would simply win by offering lower prices, but Kroger was allowed to grow to monopolistic proportions so that they’ve either bought up any and all serious competition already, muscled rivals out of business or settled on quasi-gerrymandered spheres of influence with their equally monopolistic competitors, so that nobody undercuts them when they abuse their status to not offer the best deals, but instead price-gouge the people stuck in their sphere of influence.

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  • theneverfox@pawb.social ⁨2⁩ ⁨months⁩ ago

    First, I’d argue this was doing business in bad faith - they took advantage of a crisis to jack up profit on staple foods. That’s extremely unethical

    Second, they effectively did collude. McKinley is a consultant hired by Kroger (which owns many different regional chains) as well as their largest competitors and suppliers. They coordinated the price gouging - it doesn’t matter if an algorithm does it or a third party does it, it’s still collusion. Adding a degree of separation doesn’t change the nature of the act

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  • Kalysta@lemm.ee ⁨2⁩ ⁨months⁩ ago

    Price gouging is immoral and illegal in many states. Especially for needed things like food.

    Saying this is fine is cheering for the poor to starve.

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