Posts tagged market exploitation
Why not Jack the Price?
May 13th
“Many airlines introduced baggage fees in 2008 to cope with soaring fuel costs.
Despite historically low oil prices and record airline profits, the fees have not been revoked.”
http://www.bbc.co.uk/news/world-us-canada-36283233
Prevalent pricing policies bear no resemblance to market forces anymore. Prices go up simply because they can. In most cases where prices have not gone up, amounts in the package have been trimmed. We are feeling the effect of a significant change in Capitalism as we have known it. Scrap the terminology you learned in economics classes. The only surviving and meaningful word is exploitation.