Thread: Big food at it again V. Price fixing and why we don't trust big business

It's illegal to do so. Everyone should care. You can't collude and fix prices.
A single company artificially raising prices isn't a concern, because there are other immediate competitors. When all competitors from an area decide they are going to collude and constrict supply to increase prices....they are acting outside the interest of competitive markets. Monopolies aren't inherently illegal. When a monopoly acts anti-competitively or in a manner where they start excessively raising prices...then there's an issue.



It's still anti-competitive. If everyone starts seeking alternative sources of eggs the prices of eggs across the board go up because the supply is being constricted by the collusion.

Now I know you hate gov't intervention of any kind, but it's illegal to be anti-competitive by colluding to fix prices.

No, because those actions don't automatically lead to the government doing it - that only happens when the government is overzealous, which has been the case recently but isn't a guarantee.

Wrong about what?

back in the "goold ole days", all of the companies that did utility work here were run by 2nd generation italian americans. They also belonged to the sons of italy.

the bosses would get together, and decide which company was going to get what work, while the other rival firms put together fake bids to make it look like it was honest.

good scam. everyone was happy, everyone made a fortune.