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Originally Posted by cuban8;
Don't be silly, of course it's a conspiracy.
Name one business in a free market that when cost of goods sold increases, profits increase astronomically??
You can't do it...you can't even name one, because it's impossible in a free market.
So...it's NOT A FREE MARKET. It's a MONOPOLY.
Which is supported by Washington D.C. (essentially Organized Crime), which is supported by rubes and simpletons called: "voters".
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The petroleum industry in one industry. Mobil oil/BP/Shell all dig in out of the ground as a producer, then sell it to themselves under a different business name as the refiner, then sell it to themselves under a different business name as the retailer. The parent company and all the business's are obviously owned by the same people. If you make, say 10% profit on every dollar, and you sell 100 dollars you make 10 bucks. If then the price increases and you are now selling 500 dollars you are making 50 bucks- all for the same amount of work. That's why profits have gone thru the roof. The percentage of profit remains the same, but the number of dollars goes up, so profit total goes up.