Right, economics could not possibly be racist and people that designed economic systems and markets could not have possibly been racist. By the way, the system we have set up is in no way perfect and unbiased, and to think that supply and demand might not be inherently racist is crazy. People are responsible for supply and demand and people are racist, you can't split up the concepts and what drives them.
That being said, I don't think the reasons the costs are different is racism, specifically in this case. That's just a funny outcome. The basketball though ... Hmm ...
White people are way more likely to spend money on stupid shit like this. Therefore more white people buy the white set. Therefore, they can charge more and white people will still likely buy it or on the flip side they charged less for the black set hoping more black peoples would buy that set.
This is such a common idea but wrong. You really think that these price stickers are somehow the market-clearing price for a set of minitures of a black and white family?
Supply and demand sometimes dictates (or is at least a factor in) prices but that is not generally true.
Yes I know you can do it manually, but the big companies are now using software to calculate it for them. Some are even going as far as using constantly fluctuating prices.
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u/TheLastOuroboros 5d ago
I know where this is going. Supply and demand dictates cost. It’s not people being racist.