Hmm. 🤔
This issue's suddenly big news all over:
https://www.theguardian.com/business/2024/jan/13/supermarket-price-gouging-claims-inquiry-woolworths-coles-prices
These companies could decide to maintain a steady profit and not increase prices to cover cost increases.
But they don't. They prioritise shareholders because - and this is the important bit ➡️ *that's how capitalism works*. They have a fiduciary responsibility to their investors.
The system is designed to funnel all the $$ to people who already own all the things.
There needs to be sensible regulation to stop it.