The Impact of Populism and Price-Fixing on Big Money in America

2024 brought us a whirlwind of events that made it seem like decades happened in just a few weeks. From political chaos to economic shifts, the year was certainly noteworthy. As we reflect on the past year, it’s clear that some sectors are thriving even as others struggle to find their footing.

In the world of politics, there was a noticeable change in the air. Some Democrats began adopting a more populist economic message, championing trust-busting and other policies aimed at reigning in big corporations. This shift was particularly evident among those in frontline districts, who found success in running on populist platforms. It’s a sign that antitrust policies are resonating with voters across the country.

On the economic front, we delved into the issue of price-fixing through algorithms and Big Data. Companies are increasingly using third-party software to set prices and share sensitive information, leading to higher prices for consumers. This practice is becoming more common across various industries, prompting regulatory actions and lawsuits to crack down on these collusive arrangements.

One example of the impact of financial maneuvers was seen in the case of Red Lobster, which filed for bankruptcy this past spring. Contrary to popular belief, the blame didn’t lie with their “Endless Shrimp” deal, but rather with the actions of its previous private equity owner, Golden Gate Capital. By selling off the chain’s real estate and turning them into renters, Golden Gate cashed in upfront but jeopardized the chain’s long-term viability.

2024 also introduced us to new faces in politics, like Dan Osborn, an independent Senate candidate from Nebraska. Despite ultimately losing the race, Osborn’s outsider image and commitment to fighting corruption in Washington caught the attention of many voters. His story sheds light on the potential for grassroots movements to influence politics and create change.

As we turn the page on 2024, we’re left with a wealth of stories and developments that will shape the year ahead. From political shifts to economic challenges, the coming months promise to be just as eventful as the year we’ve left behind. Let’s stay engaged, informed, and ready to navigate the twists and turns that lie ahead.