• als@lemmy.blahaj.zone
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    12 days ago

    They were grouping together to all raise prices at once. If everyone who sold food suddenly raised their costs together, would it be fair? There’d be consumers to buy it. Basic economics!

    Just because people would pay more for something, doesn’t mean they should have to

      • als@lemmy.blahaj.zone
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        12 days ago

        The problem lies in 3 companies owning a monopoly on dram production and all conspiring together to make things shit for everyone who isn’t them

          • boonhet@sopuli.xyz
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            12 days ago

            They very much can when they’ve been proven to collude to keep prices up.

            If any one of them started making more RAM, they’d make a lot more profit than the other two. If all 3 did, they’d all still make a bunch of profit, but not as much as right now. They have an agreement that nobody ramps up RAM production so everyone gets to keep super high margins.

            In the past they’ve literally agreed upon a target price to keep…

            • GoatSynagogue@lemmy.world
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              11 days ago

              You’re alleging that they’re doing this. Zero proof.

              3 companies can’t have a monopoly. It’s literally in the definition of the word monopoly.

              • boonhet@sopuli.xyz
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                10 days ago

                They’ve done it in the past, it was investigated, they got fined, look it up. Same people leading the same companies, why would they not do it again? Pay a fine of a few hundred mill again to make billions? No-brainer.