this post was submitted on 26 Aug 2024
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This is a phenomenon that's literally thousands of years old. It's just basic economics. If there was good competition, there wouldn't be any price gauging. And that's the regulator's fault not the company's. Americans want their free market, they get their free market. So stop complaining.
The market is anything but free when the price to entry is so high and the big wigs get bailed out constantly. Yes, I agree that farmers should be subsidized, but if we do that, we do not have a “free market” and we shouldn’t.
Sure, in the broad, capitalist sense, you can't blame the company.
But, as just a collection of people, you can absolutely blame them. Saying that a company has no fault in deciding to use aggressive, manipulative methods to pull money out of people no matter what feels on the level of saying 'I couldn't help myself, they should've stopped me from being terrible".