11–20 of 270 posts
That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
"naked conspiracy to manipulate the price of eggs from 2022-2025. " Who was in charge during this time period?
That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…
That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
"naked conspiracy to manipulate the price of eggs from 2022-2025. " Who was in charge during this time period?
They have been absurdly pro corporate for decades. They will bend over backwards to accept an absurd legal arguments from corporate attorneys, yet they never seem to have that level of credulity for people like you and me.
That famous McDonalds hot coffee case, McDonalds had caused serious injuries to hundreds of people previously and demonstrated serious negligence and a willing disregard for the safety of their customers and the courts, and yet when the jury came back with a couple million dollars in punitive damages, the judge still massively reduced that penalty!
We have to push for courts that don't treat corporations with white gloves.
Things like this mainly occur in markets with little competition, killing of small business causes issues like this. Much of our grievances are caused by our high level of market concentration.
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…
That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
Do you have any evidence the settlement terms are corrupt? There were 17 states involved. Many of those states have governors that are not in the same party as the president. https://apnews.com/article/egg-prices-collusion-settlement-d...
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…
Consumers don't want to understand it because they don't want to consume less.
That's notably different from say the current scrum for HBM where the demand truly came as a surprise and scarce supply gets bid up.
Micron's windfall is justified and natural as these things go. The egg windfall was manufactured and criminal.
Reminds me of the Egg Greed Graph. https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over t…