A Boring Dystopia

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80% of Americans say grocery costs have notably increased since the pandemic started, survey finds (www.cnbc.com)

submitted 5 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] disguy_ovahea@lemmy.world 17 points 5 months ago* (last edited 5 months ago) (1 children)

The pandemic caused justified rapid increases in food prices due to supply chain constraints. Once the supply chains stabilized, not only did the prices not return to normal, corporations continued to increase prices along the post-pandemic escalated inflation rate.

The last President to use an Executive Order to control grocery prices was Nixon, and it was a horrible mistake. Not only did it cause supply chain issues, as soon as the Order expired the prices increased well past the standard inflation rate.

What they are doing could be considered criminal profiteering, and should be prosecuted by the Department of Justice.

[–] intensely_human@lemm.ee 2 points 5 months ago (1 children)

It wasn’t just the supply chain disruptions. It was also the forced closing of tons of small businesses leading to a lack of competition in the market.

[–] disguy_ovahea@lemmy.world 1 points 5 months ago

That’s a very valid point. There were many small brand purchases during that time. In hindsight, they probably had no choice but to sell off and cut losses.