people who overprice their stuff encourages other people to also overprice their stuff and the net result is that everything becomes overpriced.
So don't buy it and quit whining because you can't indulge your need for material consumerism.
Seriously - you talk about one side of capitalism (ability to inflate prices) but neglect the whole competition side, which is clearly demonstrated when demand for overpriced goods drops and inventories pile up. That's when price cutting and rebates begin, as suppliers work to shed excess inventory.
Doesn't anyone understand that the "rebate" on the purchase of a new car means that the original price was too high by the amount of the rebate and even the seller knows it?
Yes, we do. By your own logic, I'm not sure that *you* do. Rebates exist because the fair market value was too high, as evidenced by excess supply. The rebate is a means of increasing demand via a lower price.
But if everyone still pays the higher price and inventories are stable or dropping, then the higher price (aka 'consumer inflation') *is* the fair market value of the item whether you like it or not or can afford it or not.
I want a Ferrari. I think that they should cost $20K. Sadly, the market has placed their market value considerably above that. Whining on an internet forum that all these rich guys have inflated the cost of the Ferarri does me no good.
They're still not $20K, and never will be in my lifetime no matter how much I rail against it. The suppliers and the buyers have determined through buying and selling that which is the price range, which is how free markets work.