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by ktaylora
2157 days ago
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> If producers are able to totally game a commodity market and control prices so completely than you have bigger problems than just poverty. Game is probably more strongly worded than what actually happens : a shift in the demand curve. It's not that a cabal of producers are colluding to raise prices. Its more that, in aggregate, producers will decide to independently raise prices when consumer demand increases [0]. [0] https://www.economicsdiscussion.net/demand/shifts-in-demand-... |
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In practice in pretty much every industry in the US incumbents put up regulatory barriers behind themselves to prevent competition from emerging.