Comment by SubiculumCode
2 years ago
i think that there isn't enough competition. So many brands are owned by the same corps, supply chains vertical, largely same grocery store products/brands in Virginia as California. You can't just raise prices unless you have leverage over competition. This administration's pro trust busting is the start of a change i hope. Efficient capitalism needs competition more than it needs efficiency of scale. The sad thing IMO is thatnsocial spending at the bottom is being used as a scapegoat, when increased demand wasn't the biggest player.
> i think that there isn't enough competition.
This combined with hyper-optimized inventory chains.
Even if there is a competitor, the max they could absorb would be a 10% increase in demand (look at what happened in toilet paper during Covid).
So, even if I comparison shop and buy from a different supplier, only 10% max will benefit and then the new supplier simply can't add anybody else--everybody left has to go to back to the inflated price supplier.
And that's only if some upstream supplier isn't a monopoly supplying the whole sector.
Bingo.