Robert ReichMay 22, 2024

Remember: If markets were actually competitive, corporations would keep their prices as low as possible as they competed for customers.

Instead, the concentration of the American economy into the hands of a few corporate giants gives them the power to raise prices with impunity.

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@rbreich The first part of your statement is misleading. The second part- yes, the U.S. has many oligopolies in different markets and those major market leaders set prices (they are “price setters” in the market). The gov’t could help with more regulation but a bunch of that would go against the whole “free market” capitalism thing.
May 23, 2024 at 4:37pmWeb