Comment by danaris
2 years ago
No one is undercutting them because they are raising prices and taking the profit, too.
It's not "collusion" in the sense of "fat cat execs in a room all explicitly agreeing to do nefarious things." It's just an alignment of incentives, a zeitgeist, and a common recognition of an opportunity to make a shitton of money without any real consequences.
What suddenly changed in 2021? Why didn't they just do this earlier? They just never realized they could be wise prices?
You might have noticed that we had something rather significant going on during that time—a global pandemic? With major associated economic, logistical, and personal disruptions?
For more elaboration on this, see my related comment https://news.ycombinator.com/item?id=38569714
My point exactly: the pandemic and associated events (namely, supply chain issues and massive influx of money) led to the price increases. Not "greedflation".
2 replies →