It's not a crime if we do it with an app - by Cory Doctorow [View all]

[justaprogressive]

The core regulatory proposition of the tech industry is "it's not a crime if we do it with an app." It's not an unlicensed taxi if we do it with an app. It's not an illegal hotel room if we do it with an app. It's not an unregistered security if we do it with an app. It's not wage theft if we do it with an app.

Inflation is one of the most politically salient factors of this decade, and so much of inflation can be attributed to a crime, done with an app, with impunity for the criminals. The entire food supply has been sewn up by cartels of 2-5 giant companies, and they colluded to raise prices, and bragged about it, and got away with it, because neoclassical economists insist that it's impossible for this kind of price fixing to occur in an "efficient market."

Some of these cartels are well-known, like the Coke/Pepsi duopoly. Pepsi's bosses boasted to their shareholders about "Pepsi pricing power," and how they were able to raise prices over the inflationary increases caused by covid and the Russian invasion of Ukraine:

https://pluralistic.net/2023/03/11/price-over-volume/#pepsi-pricing-power

You might know that pretty much every packaged good in your grocery store is made by one of two companies, Unilever and Procter and Gamble. Both CEOs boasted to their investors about their above-inflation price increases:

https://pluralistic.net/2021/11/20/quiet-part-out-loud/#profiteering

https://pluralistic.net/2025/01/25/potatotrac/#carbo-loading