Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Tuesday, 15 September 2020
Pandemic Profiteering: Amazon Caught Price Gouging as Jeff Bezos's Wealth Soared to $200 Billion
The online giant Amazon has made an extraordinary amount of money during the COVID-19 pandemic, as many people shelter at home and shop online. A new Public Citizen report documents how Amazon set prices for essential products during the crisis at levels that would violate price gouging laws in many states, and marked up some products by as much as 1,000%. "This is an ongoing thing. They are doing this currently. They've been doing it throughout the pandemic," says Alex Harman, competition policy advocate for Public Citizen and author of the report. "They are looking to maximize profit during a pandemic."
