this post was submitted on 05 Feb 2024
20 points (76.3% liked)
Asklemmy
43363 readers
2411 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Itβs not a lack of government regulation, but rather a lack of competition that allows them to charge what they like.
Prices are naturally regulated by markets, when competition exists. But the government forcibly shut down a lot of the companies, forcing market consolidation. This means less competition.
Monopolies are a lack of competition. By definition. We need to encourage the starting of new businesses in existing industries if we want to solve monopolistic price fixing. Small businesses failed and got absorbed by larger businesses during the pandemic.
The new businesses that came into those spots are more likely to be big chains, companies with lots of cash reserves.