722
Kroger executive admits company gouged prices above inflation
(www.newsweek.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Aug 2024
722 points (99.3% liked)
A Boring Dystopia
9770 readers
343 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--If a picture is just a screenshot of an article, link the article
--If a video's content isn't clear from title, write a short summary so people know what it's about.
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 2 years ago
MODERATORS
Is price gouging illegal?
Kamala is proposing making it illegal at the federal level.
And that's why there is a portion of people who dislike Harris; they dislike anything.
Harris will be painted as socialist/communist. It will be interesting to see how much stigma those labels still carry.
It's almost meaningless nowadays since everyone is a socialist, according to them.
I mean it would be funny to turn the tables on their nationalist rhetoric by noting the USSR wasted a lot of resources on border security and stupid walls. We've gone from a country that celebrates walls coming down to a country that will never be satisfied with the worlds largest contiguous wall.
USSR wasn't socialist either.
I think saying that borders on a "no true scotsman" fallacy. We can say the USSR was both socialistic and nationalistic but it was not democratic.
Maybe people just dislike cops and genocide?
I feel like that happens no matter what? Doesn't make it right. Like, we install dictators all the time that commit genocide.
Sounds like a realistic plan from a trustable person. \s
I mean you can drop the sarcasm indicator and actually be correct. Every single state has price gouging laws already. However, I know Republicans will now act like it's a terrible "communist" plan just to obstruct it.
only for the poors
It's supposed to be, but laws generally only kick in if there's an emergency like an earthquake or hurricane.
Covid was a global emergency at one point.
Yup and the argument over if it qualifies or if they were doing it at the time is for the lawyers.
Oh good. Lawyers.
Right? My favorite. It's not really something that's enforceable on that level though. It would be easier to bring prices down by breaking up these large companies. And if that fails, just start a government grocery store that opens up in food deserts first, then in high cost of living areas. See what happens to prices when they need to justify people going there instead of the government store.
Depending on how the recenr precedent curtailing the agency of government agencies holds up, teams of lawyers presenting teams of scientists to judges with political agendas may become the norm.
Legally, criminalizing systemic food waste would be a good step.
Some jackass economist will pop in and say that there's no such thing as price gouging. That prices are set by market demand. It is true to an extent, because if people weren't buying things at those prices, then the store would lower the price. The problem with groceries is that there isn't really a price discovery method for the average person unless they go to every possible store and price compare. It's not like you can go online and find prices for every option and alternative for groceries. People just assumed that prices have gone up due to natural inflation, which isn't the case here.