- Corporate interests are increasingly gaining political influence.
- Corporate interests are influencing the Senate race involving Chris Pappas.
Study Urges New Consumer Rules to Combat Corporate Pricing Practices
What happened
Lindsay Owens, an economic sociologist at the Groundwork Collaborative, published the book Gouged: The End of a Fair Price. The work examines the 'reinvention of the rip-off,' noting that corporate pricing shifts are undermining American trust in the economy. Owens advocates for a 'shoppers’ bill of rights' to address these issues.
From theguardian.com
Why it matters
The study links rising inflation and cost of living, starting around 2021, to changes in how companies discuss pricing. Owens suggests that new rules are necessary to fix the problem, such as banning companies from using shared software to coordinate prices.
Corporate interests are increasingly gaining political influence, and these interests are affecting the Senate race involving Chris Pappas.
From theguardian.com
Who's involved
- senateThe legislative body where corporate influence is being studied.
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The entities involved
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senate
type of legislative body, often the upper house or chamber of a bicameral legislature