[wahnfrieden]

The consumer cost of overcharges from price-fixed bread in Canada was estimated at 4-5 billion dollars. And that's just bread. Is that negligible?

Usually if someone steals a millionth of that, they go to jail for a very long time.

The same players are now under investigation for selling underweight meats.

[asdff]

The whole egg fiasco is as far as I am concerned the biggest proof of price gouging cartel behavior there is. And people assume it is normal.

Vast majority of product sold when inventory is low, they just go out of stock still at MSRP right to the last sku in the inventory. Then, you wait until more are available, also at that same price.

Really, why would prices go up for the eggs in this situation if not for gouging? Sure plenty of chickens were culled. But the remaining chickens aren't costing more than they did before the cull. Whoever is producing the remaining eggs being produced is producing them for the exact same overhead they have always been producing. Feed is still probably the same. Maybe cheaper with an excess of feed on the market needing to be sold and moved out of feedlots before the next crop comes in, from the chicken culling your competitors were doing. Water is still probably the same. Power is still probably the same. Staff are still getting the same pay. Property taxes are still the same. Really, who is getting the $10 from the $12 dozen of eggs? Probably some guys smoking cigars if we are being honest.

[gruez]

>Really, why would prices go up for the eggs in this situation if not for gouging? [...]

Supply and demand. Just like blocking the Strait of Hormuz doesn't make oil 2x more expensive to produce everywhere else in the world, you're still left with the problem that the world has ~20% less oil to go around. That means the price of oil gets bid up until it's high enough to convince 20% of oil consumers to stop using oil.

[asdff]

You say bid up. I say gouged. Potato Potato I guess.