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

  • Thread starter Thread starter TheRemains
  • Start date Start date
If they're accepting liability...they're accepting guilt.
It may be cheaper to be guilty....but that doesn't mean you're not accepting some form of responsibility.
 
since two hours ago, didn't you just read what he said? what are you man, some sort of STUPID?
 
If they are enforcing the laws then there is no price fixing and everyone is happy.

Even if there was price fixing in this particular instance...how much did it really effect anyone? Did you notice the price of eggs going up?
 
And why are fiscal conservatives in here defending the deliberate distortion of markets?

Since you mention it DCC: people get mad when the government breaks a market, but are fine when companies do it?

Isn't the whole point of arguing against government intervention that when government tries to 'correct' markets, it usually fucks them up worse?

If fucking up markets is what's bad, isn't it always bad?
 
Very well said. I find it interesting that the same group of people who played the moral high ground card when condeming a presidential blow job did not bat an eye when millions of manufacturing jobs where shipped to China for the sole sake of profits.

I also agree that the root cause is the American consumer and their lust for the lowest price. Middle America will piss and moan about the loss of jobs but middle America still flocks to Wal*Mart, pay day after pay day.
 
Even when a big business gets charged and convicted with price fixing....people defend the company.
 
Ok then, don't use milk as an example of anything to do with price. Or any other item that has price floors and shit.
 
Only in a very limited legal sense. And that happens because a corporations primary responsibility is to the shareholders. And in any event, there is a massive difference between accepting liability because it's cheaper and accepting guilt.

Any person that was ever incorrectly found guilty of a crime was forced to accept guilt. It doesn't mean they were guilty.
 
The title states comspiracy. I see no legal verbage there of conspiracy. Titles are used to get attention.

They agreed to pay for a class action suit which has a very low burden of proof.
If there were an actual conspiracy then I'm sure some governing body would press charges.

it is currently alleged. But hey let's charge the CEO with it anyway and ignore that there is a thing called limited liability in corporations.
 
Not really. Weren't you telling me a couple of months ago that you wanted to do away with this type of legislation?
 
Do you guys not understand what price fixing is, or how it works?

The idea is that there aren't options for the consumer so they can cut the supply to artificially inflate prices.

When price-fixing occurs people don't go "awe shucks, I see that I'm being scammed, what are my other options here?"
 
http://www.prnewswire.com/news-releases/us-food-inflation-spiraling-out-of-control-91848684.html

fresh and dry vegetables up 56.1%, fresh fruits and melons up 28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up 10.7% and dairy products up 9.7%


So yes, eggs price was inflated due to "unsavory" and illegal business practices, but shit... everything went up.
 
most of our bids are through government agencies. how it works in my sector is lowest qualified bidder gets the job. they read all of the bids at a public opening.
 
Back
Top