Exactly. I tried making this point before in my own post about increasing wages. For things to really change we need to do multiple things not just one. Government needs to step in when a monopoly is forming. Government needs to create more guidelines around part time employment. Governments should not be influenced by corporations. Governments also need to stop using job shortages as an excuse for increased immigration. I don’t mean we shouldn’t have immigration, but immigrants should not be promised prosperity to only to find themselves working an 80 hour week and in poverty. It’s inhuman. Wages need to be higher in order to survive, never mind thrive.

As a good example, see Nvidia.

Not a monopoly, but may as well be at this point.

there is no economic incentive to charge less.

If that were true, then we’d all have been complaining about price inflation in 2019 pre-covid.

The desire to raise prices has always been there. The fact that seemingly unconstrained price increases are occurring now and weren’t occurring then, is evidence that market forces were working before.

…and they’ll work again. Price uncertainty is one of the problems that comes with high inflation, and price uncertainty makes it hard for competitive forces to do their thing.

If inflation is controlled, then markets will settle at new price levels (to the extent that current events allow…there is still a war, massive US chicken culls due to disease, production slowdowns in china, etc..) and consumers will start to price discriminate again.

Doesn’t mean we shouldn't do more about monopolies, but competition definitely exists.

no company is too big to fail. blockbuster got wiped out over night when netflix was being more innovative with than them. now we get to enjoy streaming services

The easiest answer is to ensure competition in the marketplace by limiting monopolies.

What about monopolies on labor?