'Illegal Corporate Price-Fixing' Is Rampant in US Economy: Report

"Capitalism is typically portrayed as a system of constant competition in which prices are determined by supply and demand. Producers of goods and services are said to constantly vie with one another in the quest for sales," says the report. "In truth, however, large companies often evade competition and instead collude with one another to control markets to their mutual benefit—and to the disadvantage of consumers, who end up paying higher prices. This is the world of price-fixing and other anti-competitive practices cooked up secretly by purportedly rival corporate executives."

https://www.commondreams.org/news/corporate-price-fixing-us-economy