It’s always greed, but corporations need an excuse, so you don’t get angry at them. Covid was the perfect example for that, when they see the opportunity, they will jack up the prices.
What happened during covid was the forcible closing of thousands of small businesses. Corporations don’t cate about excuses they only care about opportunity. When their competition got forcibly closed by the government, their opportunity appeared.
We had major big box stores staying open while mom and pop shops were closed.
This wasn’t the market in action. This was the government forcibly closing these businesses by centralized decree.
The lockdowns actively killed competition. Competition is the natural check on greed in a free market. The market was enormously consolidated during the period when small stores had to either survive on their savings or perish, while large stores were allowed to remain open.
It’s always greed, but corporations need an excuse, so you don’t get angry at them. Covid was the perfect example for that, when they see the opportunity, they will jack up the prices.
What happened during covid was the forcible closing of thousands of small businesses. Corporations don’t cate about excuses they only care about opportunity. When their competition got forcibly closed by the government, their opportunity appeared.
We had major big box stores staying open while mom and pop shops were closed.
This wasn’t the market in action. This was the government forcibly closing these businesses by centralized decree.
The lockdowns actively killed competition. Competition is the natural check on greed in a free market. The market was enormously consolidated during the period when small stores had to either survive on their savings or perish, while large stores were allowed to remain open.