Comment on All the data so far is showing inflation isn't going away, and is making things tough on the Fed

• Garbanzo@lemmy.world ⁨8⁩ ⁨months⁩ ago

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  • intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

    I’m seeing ten root nodes in that structure. Are you claiming that ten distinct market competitors are able to maintain a pricing cartel without any defection? That seems unlikely to me.

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    • Garbanzo@lemmy.world ⁨8⁩ ⁨months⁩ ago

      And yet the prices continue to rise, the corps are bringing in record profits, and the fed’s best efforts have only slightly slowed the upward push on prices. Think that’s just a coincidence?

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      • intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

        I think it’s a lack of competition in the retail space, due to forced closure of businesses over the last few years. Consumer prices are set by the end seller, and they don’t have much competition at all.

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