this post was submitted on 20 Aug 2023
450 points (84.3% liked)
memes
10233 readers
2349 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- !tenforward@lemmy.world : Star Trek memes, chat and shitposts
- !lemmyshitpost@lemmy.world : Lemmy Shitposts, anything and everything goes.
- !linuxmemes@lemmy.world : Linux themed memes
- !comicstrips@lemmy.world : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What are some centrally planned prices?
Not the OP and IMO centrally planned prices doesn't really apply to cartels, but a cartel set price that nearly everyone is familiar with is OPEC+ prices for petroleum.
I think Aesthelete better cleared up what I am trying to say using OPEC as an example. Other versions of this behavior is in Dairy / Milk in the US. They're wasting millions of gallons of milk in order to keep the price higher where it's set by a central planner in the industry. Farmers will choose certain days to sell their crop as to try and get the highest price - and this is an innocent behavior - but capitalism literally has a built-in mechanism to encourage this form of price stability. Another bad example is poultry production in the US. There's 4 companies only, and small farmers actually license and rent all of the stuff from the big 4. These farmers are treated so terribly, and at the end of the day they don't actually get to sell or set the price. The central company does.