this post was submitted on 04 Jan 2025
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The Era of Big Potato (www.truthdig.com)
submitted 1 week ago by TokenBoomer@lemmy.world to c/progressivepolitics@lemmy.world
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Allegations of industry collusion in the frozen potato market reveal the new, sophisticated methods food corporations are using to keep prices high.

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[–] hark@lemmy.world 5 points 1 week ago

I went with some friends to mcdonalds (not my place of choice) and was shocked at the price of fries. Every time I see defense of this price gouging with "akshully profit margins have remained so thin" it makes me wonder who is getting all the benefit of these increased prices. Also, thin profit margins don't mean much when you can easily make profit margins thin by funneling revenues into different avenues (e.g. executive payouts).