> This is just pure greed

Well, pure capitalism. I suppose the terms are synonymous, though.

compiler-guy 6 hours ago | parent | next [-]

Pretty sure greed existed long before capitalism was a twinkle in any economist's eye. The East India Company was rapacious and evil and full of greed. But it was mercantilist. https://en.wikipedia.org/wiki/Mercantilism

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pyronite 6 hours ago | parent | prev [-]

This is unfortunately the market and “capitalism” working as it should. Price goes up, incentive to produce more goes up too.

	▲	Capricorn2481 5 hours ago \| parent [-]
		Not necessarily. If the entire industry triples its prices and alienates 40% the market, it's still coming out ahead. It only incentivizes producing more if there are enough people unwilling to pay for the new prices, or if it were easy for a newcomer to come in (it's not)