‘Greedflation’ study finds many companies were lying to you about inflation
‘Greedflation’ study finds many companies were lying to you about inflation
Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.
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Of course corporations are lying to have a reason to raise prices.
The executives at every corpo would throw a million puppies into a wood chipper if it gained them an extra penny.
I just don't understand why they lie about it at all? To avoid losing long term customers?
Raising the price of goods to increase profits isn't illegal. It's just risky for the business if they lose customers to other places with lower prices.
And the damnedest thing is that every corpo does it. So we literally have no choice but to pay higher and higher prices.
Price gouging is illegal
I don't understand how it is enforced, or even could be enforced, in practice. A quick Google indicates they can get away with it if they all do it at once (as in all the grocery stores corps).
Regardless, I can list a dozen eggs for sale and price them at $55000.
For example: For anyone interested I am selling 12 eggs for $55k. Free shipping. DM for details.
I'm not kidding. Will legit send eggs to anyone anywhere in North America. Just PayPal me.
Edit: been a few days and the offer still stands. No government officials have messaged me to indicate it's illegal yet lol...because it's not except under very specific circumstances
It is if they do it all at once in a coordinated effort