Viewing a single comment thread. View all comments

-Face_McShooty t1_ja4ix2k wrote

That's not how this works. Companies use high prices as excuses to raise prices. They rarely bring them back down when they can charge the same and make more profit until enough people complain.

46

PotatoWriter t1_ja4qmko wrote

> Until enough people simply stop buying

Nobody gives 3 rats asses who complains.

13

rickert1337 OP t1_ja4q18h wrote

Ah yes because competition isnt a thing in capitalism

4

Burnit0ut t1_ja4u88h wrote

Not in the American food industry. It’s like gas stations. They work together to keep prices high

24

SnooDonkeys1685 t1_ja5p6g0 wrote

Maby in the processing and packaging part of food industry but at the farm level. Farmers are price takers and pay the shipping both ways meaning they pay the shipping for the products they need and pay the shipping for the products they sell. Look at the beef industry. There are four major packers and they control how mutch they pay by being able to buy imports and label them a product of the USA and charge whatever the market will stand without reducing demand to mutch. The beef packers record profits. Beef producers not so much.

4

nestpasfacile t1_ja5imm4 wrote

In a purely theoretical and idealized vision of capitalism sure.

We live in reality though where the rich have captured pretty much all industry and very much do collude to keep prices high. Why compete when you can make more money not competing.

8

imposter22 t1_ja6sw7b wrote

Theres only like 4 companies that own every food product that hits the shelves at most grocery stores.

General Mills, Nestle, Kellogg, Tyson.

3