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Supply chain problems-driven price craziness
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<blockquote data-quote="asd9055" data-source="post: 2734231" data-attributes="member: 73445"><p>Without accusing any company of gouging, complete understanding of supply chain porblems and having lived and worked in different government and market systems (Communism, socialism, monoply markets and democratic/free market systems) I have learned the following:</p><p>Monopolies will always hurt the consumer (We are very close with powders and primers)</p><p></p><p>From my ECON 101/102 in college, there are two types of collusion in controlling price, both illegal. </p><p></p><p>1) Direct, where companies meet and agree on supply and price</p><p>2) Indirect. Company A limits supply and raises prices. Company B follows.</p><p>Had this been a "prime life necessity" like bread you migh have seen goverments starting investigations. As these are not "prime life necessities" and many states wanting to ban these anyways, there is no outcry.</p><p></p><p>Our only recourse is buying what we absolutely need, control demand, to bring prices down. Maybe!</p></blockquote><p></p>
[QUOTE="asd9055, post: 2734231, member: 73445"] Without accusing any company of gouging, complete understanding of supply chain porblems and having lived and worked in different government and market systems (Communism, socialism, monoply markets and democratic/free market systems) I have learned the following: Monopolies will always hurt the consumer (We are very close with powders and primers) From my ECON 101/102 in college, there are two types of collusion in controlling price, both illegal. 1) Direct, where companies meet and agree on supply and price 2) Indirect. Company A limits supply and raises prices. Company B follows. Had this been a "prime life necessity" like bread you migh have seen goverments starting investigations. As these are not "prime life necessities" and many states wanting to ban these anyways, there is no outcry. Our only recourse is buying what we absolutely need, control demand, to bring prices down. Maybe! [/QUOTE]
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