this post was submitted on 04 Jan 2024
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No Stupid Questions

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They keep raising prices, stating that it's due to inflation, but then they keep having record profits.

Meanwhile, the average American can barely afford rent or food nowadays.

What are we to do? Vote? I have been but that doesn't seem to do much since I'm just voting for a representative that makes the actual decisions.

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[–] orrk@lemmy.world 5 points 10 months ago (1 children)

the "vote with your wallet" stuff is bullshit, and it always was. there are very real limitations on what some small company can do in a near monopoly, that's why we had antitrust in the first place.

[–] Dark_Arc@social.packetloss.gg 9 points 10 months ago (2 children)

I guarantee if everyone switched purchase orders from a major company to a small company overnight, that company would not be a small company.

Vote with your wallet isn't bullshit, it just takes enough people actually doing it and it takes work to find the small businesses you want to buy from. It's much easier to just rollover, buy the product you know sitting on the shelf, and then go complain on the Internet.

[–] orrk@lemmy.world 0 points 10 months ago

nothing happens overnight, and even if everyone switched the smaller company does not have the capital to realize such a jump in demand, nor would it have the capital to protect its self from hostile market strategies the larger company can and generally will entail.

now please do try and vote with your wallet if 90+% of everything is owned and sold by some small group of companies

[–] phillaholic@lemm.ee -1 points 10 months ago

You’re taking it literally, they are taking it realistically. Literally yes everyone switching would do that; realistically that won’t happen, nowhere close. So it won’t work.