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Democrats Ignored Pleas To Address Price of ‘Eggs and Gas’, Campaigners Say (portside.org)

submitted 2 weeks ago by Garibaldee@lemm.ee to c/usa@midwest.social

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[–] Tinidril@midwest.social 0 points 2 weeks ago

How exactly do you make raising profit margins illegal? You can do it for natural disasters and such, but companies raising prices when the market allows is just what all companies do all the time.

The government is capable of addressing these issues, but not by making profiteering illegal. They need to break up monopolies, vertical integration, and certain trade associations. They also need to address short term performance pay for CEOs. Any performance pay should be tied to company performance over at least the next ten years, not this quarter.