• doctorcrimson@lemmy.world
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    10 months ago

    Well, inflation does affect people, but more than that corrupt businesses can push the prices up even if inflation goes down.

    • 21Cabbage@lemmynsfw.com
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      10 months ago

      Right, grocery store prices and just general corner cutting in said stores has gone up faster than inflation, at least in my experience.

    • intensely_human@lemm.ee
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      10 months ago

      Corrupt businesses can only do that if they’re in a situation without competition.

      With competition in play, they can’t just push up prices arbitrarily without losing business to their competitors.

      A situation without competition between businesses is more like a corrupted market. I guess the businesses are themselves corrupt too, to be participating in such a price fixing cartel, to take the opportunity provided by the corrupted market, but the only reason they’re able to is if their competition has been eliminated.