DRS Your GME

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Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.

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https://www.drsgme.org/free-resources

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Ignore the Dollar Endgame ;) (lemmy.dbzer0.com)

submitted 10 months ago by Zuberi@lemmy.dbzer0.com to c/drs_your_gme@lemmy.whynotdrs.org

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[–] Skyrmir@lemmy.world 9 points 10 months ago (2 children)

Deflation would be a bigger problem. It would mean lots of people with no jobs, still trying to afford high prices.

The problem right now is that wages are only catching up slowly, because labor bargaining power is squat due to low union participation and legal protection.

[–] AlternatePersonMan@lemmy.world 15 points 10 months ago (1 children)

I would argue the heart of the problem- or at least a major component, is that so few companies control the market. I can go to a different grocery store if the prices are insane at only the nearest one. However, pretty much all grocery stores carry mostly the same products. Those products are owned by just a handful of companies.

Want a different cell service? There's just 3 companies left. Internet? You probably don't even have a choice.

It's pretty easy to jack up prices if there are no competitors left to swoop up your customers.

[–] KeenFlame@feddit.nu 3 points 10 months ago

They can control their prices and does not have to gouge

[–] Gigan@lemmy.world 5 points 10 months ago

True, I'm not sure if deflation with low-unemployment is economically possible but it would be nice.