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Theory vs Practice (lemmygrad.ml)
submitted 1 year ago by yogthos@lemmygrad.ml to c/memes@lemmygrad.ml
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[-] moujikman@hexbear.net 64 points 1 year ago

Tacit collusion is literally everywhere and completely normalized. A coworker was describing a revenue-sharing agreement but actually described collusion to set prices.

[-] AmarkuntheGatherer@lemmygrad.ml 40 points 1 year ago

You call it collusion, we call it obeying market realities! As in, capitalists invent a reality and the people obey it.

[-] Zoboomafoo@yiffit.net 13 points 1 year ago

Thanks for the term. I came to that conclusion on my own, but now I can actually look into it

[-] usernamesaredifficul@hexbear.net 12 points 1 year ago

the latter example there actually isn't collusion it's competition. adulteration is the natural consequence of unregulated free market competition. Everyone competes to be the bottom of the market so they can put everyone else out of business and to do so they cut costs as much as possible. And then once the market is dominated they raise prices without improving the standard of product

this post was submitted on 25 Aug 2023
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