Unless there's (close to) a monopoly or all players in the market are acting accordingly. For products where simply not buying it anymore is not really a viable option, that greedy approach works out quite fine unfortunately.
It has been working out fine for the greedy so far, but is that really sustainable in the long term? At some point if greed isn't checked, there WILL be violence.
Being the most powerful player isn’t sufficient to prevent opposition. A pufferfish is less powerful than a shark, but the shark still has to respect the pufferfish because the pufferfish can hurt the shark even as it dies.
Difficult when you're in the R&D department and you know that cost-cutting measures are the primary directive, but you still have to do your job in spite of the harm it could cause. I've met a lot of people with burnout in the food industry. I'm one of them.