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by kevmo
326 days ago
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It's not about fads. It's just collusion. American markets have largely consolidated into oligopolies, where just a handful of very large companies operate. It's extremely easy for them to wink at each other and then raise prices/layoff workers, etc. This is also being accelerated by the unregulated software market that lets the corporations hide behind algorithms, as we recently saw with realty. https://www.npr.org/2024/08/23/nx-s1-5087586/realpage-rent-l... The end of ZIRP was the bat signal to corporate America to begin layoffs. |
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