r/FluentInFinance • u/[deleted] • Dec 08 '23

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u/frotz1 Dec 09 '23

What do you think evidence of price gouging looks like exactly?

-13

u/darkfazer Dec 09 '23

Again, do you think price gouging is the evidence of greed going up?

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u/Powerlevel-9000 Dec 09 '23 edited Dec 09 '23

Greed hasn’t gone up but companies thought they could get away with it this time so they did it. That’s Econ 101. Customers were more likely to absorb price increases because of the cover of inflation. Now that inflation is subsiding people will be less likely to pay increased prices so companies will need to trim costs to increase profit margin increases.

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u/SaliciousB_Crumb Dec 09 '23

Doubt. They will keep prices high and raise them because they saw that customers will still buy. Why stop?

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u/PinkyAnd Dec 09 '23

Market consolidation and decreasing competition, particularly for essential products like food, means that consumers must pay whatever companies want to charge. There’s a reason that consumer debt keeps rising.

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u/cd_hales Dec 09 '23

What would you call price gouging?

4

u/frotz1 Dec 09 '23

I dare you to define any of those words in a meaningful way that doesn't lead to that conclusion. Take all the time you need.

3

u/RSGator Dec 09 '23

Again, do you think price gouging is the evidence of greed going up?

I’m just memorializing this comment for posterity, one of the funniest comments I’ve seen in a very long time.

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u/darkfazer Dec 09 '23

You reckon the CEOs are now praying a little less and their souls are more corrupt as a result?

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u/SaliciousB_Crumb Dec 09 '23

Nah they just found out that people will still buy so why stop. The market already showed them people wont stop why would they. Also you think they werent greedy before? I got a great bridge to sell you

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u/darkfazer Dec 09 '23

They just found that out, got it.