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You asked how a price cut translates to raising prices everywhere, and the parent comment answered. Though even without the further raising of prices for the competitors, the effect of many such agreements is that the competitors have a harder time competing, some shut down, and now the Walmart can also charge more because there's less competition.
Why is a council of seven better for the executive branch?
> The way America was designed may have been pretty novel / innovative at the time but we've learned so much since then about how to build better democracies.
Well, a lot of dysfunction in government is the result of later evolution, whether evolution of circumstances or of government.
As an example, the combination of senate filibuster (which was around from the earliest days) with the reconciliation workaround (which is pretty recent) results in omnibus bills, which is a well-known driver of partisanship (because you don't talk to the other party at all in order to pass your bill on the floor), and also has significant consequences to individual responsibility (for the same reason, that omnibus bill must pass for your party to do anything, so you can't be faulted for voting for it, and instead you look for carve outs for your interests. If you do decide to hold up the whole bill like the freedom caucus tried, then you get everyone against you and you will eventually fold).
This also has repercussions that for things that can't go through reconciliations, just because the usual way of doing things involves more party dependence (than it would to pass bills another way). This of course also gives more power to those running the party within the chambers of congress.
My point is that things evolve, and people tend to try to explain the current state of things with reference to the 18th century, and while I definitely believe we should evolve systems to be better, we shouldn't ignore evolution that's already occurred.
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