It's ridiculous to assert that corporate greed and price gouging haven't played a role in inflation. As an admittedly anecdotal example, the US recently cut off avocado imports from Mexico due to credible death threats to our ag inspector there. The article noted that this would likely impact stock in about two weeks, however local markets are already charging $2.50 for a single avocado. I live in Los Angeles; California has its own robust production of avocados. There is zero reason for a price jump like that to happen other than grocery chains trying to make a buck.
That story your mom tells you about what's going on with the neighbor down the street and the disputed ownership of the lasagna recipe at the church potluck.
Unfucking the Republic had a great podcast about this. Yes, corporations caused the inflation. He has a great example in Kellogs "getting ahead" of inflation by raising prices, citing supply chain difficulties as the reason. But the Kellogs' spokesperson also says they increased sales and expanded markets, not something you can do if you're experiencing supply difficulties. In other words, corporations made it up so they could raise prices.
it's bullshit. Only 20% of Americans own stock, and of that, 80% of stocks are owned by 1% of shareholders (they're easy numbers to remember: 20/80). The entire stock exchange is managed by just 3 firms.
When an exec says they have to "protect shareholders," what they are saying is they have to protect themselves. They are the shareholders in question.
I am not a math expert, but I am thinking if corporations have had record profits- despite supply issues, despite demand issues, despite labor issues, despite a global pandemic....then the fact they are raising their prices really has jack shit to do with any of those things and is more "we would like to keep all this profit thanks"
I think that's a life lesson we can all live by.
It's ridiculous to assert that corporate greed and price gouging haven't played a role in inflation. As an admittedly anecdotal example, the US recently cut off avocado imports from Mexico due to credible death threats to our ag inspector there. The article noted that this would likely impact stock in about two weeks, however local markets are already charging $2.50 for a single avocado. I live in Los Angeles; California has its own robust production of avocados. There is zero reason for a price jump like that to happen other than grocery chains trying to make a buck.
That story your mom tells you about what's going on with the neighbor down the street and the disputed ownership of the lasagna recipe at the church potluck.
This is somewhat true. Econ is always evolving, but so are other sciences. As a social science, econ can never truly be tested in a laboratory setting
But that's Biden's fault.../s
Read the WSJ articles. It's there in black and white.
Unfucking the Republic had a great podcast about this. Yes, corporations caused the inflation. He has a great example in Kellogs "getting ahead" of inflation by raising prices, citing supply chain difficulties as the reason. But the Kellogs' spokesperson also says they increased sales and expanded markets, not something you can do if you're experiencing supply difficulties. In other words, corporations made it up so they could raise prices.
it's bullshit. Only 20% of Americans own stock, and of that, 80% of stocks are owned by 1% of shareholders (they're easy numbers to remember: 20/80). The entire stock exchange is managed by just 3 firms.
When an exec says they have to "protect shareholders," what they are saying is they have to protect themselves. They are the shareholders in question.
where does their funding come from?
Mmm, curtidΩ
They are taking jazz musician jobs away from Charlie Kirk!
Trump's employer, Putin?
I am not a math expert, but I am thinking if corporations have had record profits- despite supply issues, despite demand issues, despite labor issues, despite a global pandemic....then the fact they are raising their prices really has jack shit to do with any of those things and is more "we would like to keep all this profit thanks"
Any site that takes down my swear word free comment gets its bookmark deleted.
Wait, when does competition enter into the equation? (This is why I didn't do so well in Econ 101.)
I have a Colt 1911 manufactured in 1910! Still fires, fully functional.