Did grocery chains take advantage of COVID shortages to raise prices? FTC says yes
www.usatoday.com
Large grocery store chains raised prices well above their costs during the pandemic's supply-chain bottlenecks and product shortages, FTC report says.
  • Landless2029@lemmy.world
    331·
    8 months ago

    Everyone keeps saying this is capitalism and its true. Companies squeezing everyone when they’re vulnerable for more profits.

    Consumers need protections for things like basic needs so we don’t struggle just to survive.

    Food and housing should be protected. Luxury brands can get all the profit they want.

    Don’t touch my fucking groceries and rent!

    • Evil_Shrubbery@lemm.ee
      11·
      8 months ago

      Are you saying human quality of life is more important than (strictly financial) profits?? I’m thought that is blasphemy and that I must shame you for it. How dare.

    • psud@aussie.zone
      5·
      8 months ago

      This is why giant supermarkets are bad. When you have a choice of several places to buy, they compete.

      Rent though has been captured by optimisation software. Your rent goes up because a computer predicted you (or someone else) would pay more.