You know what price gouging is. It’s when prices go up, or continue to stay high, not due to market pressures or other economic factors, but only because the seller, renter, or provider wants to increase their profits that are already excessive.
Price gouging is endemic to monopolies, duopolies, and oligopolies: if the only place to buy supplies is the “company store,” workers will be kept in perpetual debt.
Some CEOs have even bragged to their shareholders about how much their profit-making pricing strategies exceed their inflationary increases in production costs.
To fight back against what she calls “greedflation,” Senator Elizabeth Warren has introduced the Price Gouging Prevention Act.
Now, we're working to build support in Congress by pressuring Senators to sign on as co-sponsors.
Contribute to Americans for Financial Reform and fund the fight to pass the Price Gouging Prevention Act now!