Anonymous wrote:
Anonymous wrote:People are stupid. Corporations are price-gouging.
So you think there is some grand conspiracy? If it was gouging, a secondarily player would undercut the competition and make a ton of money. The fact that no one has means that the inputs all cost more which is reflected in prices. Joe did that
Joe did what?
"After reaching legal resolutions with 15 major chicken producers and four big tuna companies — all accused of inflating and manipulating prices — Ferguson’s office is now returning $40.6 million in restitution to approximately 402,200 low-income Washington households.
Ferguson filed a lawsuit against 19 chicken producers — who account for approximately 95% of chickens sold for consumption in the U.S. — in 2021, accusing them of engaging in a wide-ranging illegal conspiracy to inflate and manipulate prices, rig contract bids and coordinate industry supply reductions to maximize profits.
At the time, he commented: “If you’ve eaten chicken in the last decade, this conspiracy touched your wallet. This conspiracy cost middle-class and low-income Washington families more money to put food on their table. I will hold these companies accountable for the profits they illegally made off the backs of hardworking Washington families.”
Washington also won $5.1 million from similar cases against big tuna companies — including a a $4.1 million resolution with StarKist, a $500,000 resolution with Chicken of the Sea, a $100,000 resolution with former Bumble Bee Tuna CEO Christopher Lischewski, and $450,000 in sanctions against StarKist’s parent company, Dongwon."
https://www.yahoo.com/finance/news/families-were-cheated-low-income-123000733.html