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this post was submitted on 15 Dec 2023
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It's because there hasn't been any meaningful anti trust enforcement for decades. Every industry is basically an oligopoly at this stage, so they can set whatever price they want, because they know their competitors will do the same (because they face the exact same pressures from the exact same shareholders to increase profits).
If it was a free market, you could've found a different supplier, but obviously there was no alternative, or you would've done just that.
Oligopolies that run both horizontally and vertically up the supply chain.
This is what happens after decades of mergers and acquisitions in the name of diversification, and corruption of regulators and governments — a small number of multinationals, owned by an even smaller number of oligarchs, reach a point of control where it is relatively easy to collude with the handful of others that collectively own 90% of every market and sector, and operate as a functional monopoly.
It's the OPEC-ification of the entire global economy. It is of no surprise that fossil fuel oligarchs applied that model to everything, nor that the governments they own continue to enable their crimes. We're all hostages to the economic terrorists of capitalism.
Great comment, sincerely - completely nails it. My only nitpick (and only delivered cuz you clearly care) is I don't think it should be called terrorism.
Terrorism, as hate-fueled and damaging as it is, at least has an ethos, an organizing principle, a (generally twisted, but coherent) morality. These monsters have nothing so human to stand behind. As you know, it's nothing more complicated than "fuck every life on earth but mine, for no reason more compelling than that I want even more stuff". Terrorists actually compare favorably against that.
Lets call it cancer then
Growth to the detriment of literally everything around it
It's just the natural state of capitalism. Regulation can keep it in check, but regulation will eventually falter, then fail due to regulatory capture and weakening of safeguards by politicians sympathetic to capital (read: bribed by).
free markets build monopolies, the only reason we are only at oligopoly is that we still have some regulation on the market (that inherently makes it not free btw)
True, without regulation the market will always trend towards a monopoly.
In almost all cases I buy manufacturer direct. You are correct that there is no alternate supplier.
The only viable plan B is to start my own manufacturing company and make my own damn products, which is a capital expense I strongly suspect most players in my industry will not be able to afford. I certainly can't.