Oil companies are price gouging right now and recording “record profits”, but pharma companies that made “record profits” from the death and despair COVID brought weren’t price gouging 🤔

likefunny
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Oil companies price gouging? Nooo stop it, someone might hear you. It's called inflation, and the war, and we must endure it for as long as it takes to prove our solidarity and commitment!!

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Did Pharma manufacturers considerably raise prices for products during the pandemic? Genuinely asking

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Also genuinely asking. Pharma companies profited off of the government through grants and loans, not consumers, right?

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Not really price gouging. Market sets the price. If we don’t want such high gas prices, then we need to stop buying so much.

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The idea that prices are up as a result of ‘evil gas companies charging more’ is false. Average margins on a gallon of gas is ~1.4%, according to Ibis world.

Maybe we should be investing in oil production, and trying to become a net exporter again (which is expressly against the current administration’s goals, for some ridiculous reason or another).

Always weird to see a regular person defend the people exploiting him

Uh - the market sets the price. Supply and demand. Want cheaper gas, decrease demand or decrease supply. It’s a free market.

Unless there’s collusion, not sure what you’re getting at.

Want price controls, move to a country without free market like North Korea. Good luck.

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