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by bluerooibos 37 days ago
> This is just pure greed

Well, pure capitalism. I suppose the terms are synonymous, though.

2 comments

Pretty sure greed existed long before capitalism was a twinkle in any economist's eye. The East India Company was rapacious and evil and full of greed. But it was mercantilist. https://en.wikipedia.org/wiki/Mercantilism
This is unfortunately the market and “capitalism” working as it should. Price goes up, incentive to produce more goes up too.
Not necessarily. If the entire industry triples its prices and alienates 40% the market, it's still coming out ahead. It only incentivizes producing more if there are enough people unwilling to pay for the new prices, or if it were easy for a newcomer to come in (it's not)