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this post was submitted on 26 Dec 2023
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Corporate disaster profiteering
Overuse of the money printers.
I think the analysis I've seen showed supply-chain disruptions was the cause for most of the inflation (first covid, then Russia-Ukraine war). Then, a significant portion was from increased corporate profits (if you're being generous, you could say companies increased their margins due to future uncertainty). There's also a new trend of deniable price collusion (algorithmic collusion, such as what Amazon has been doing). M2 money supply has been decreasing for the last 1-1/2 years.
Inflation is a lagging indicator of an excess in currency. It takes time for all the extra cash to filter through and actually cause prices to go up. Saying it's "greed" is idiotic, because it implies companies weren't greedy before...
You’re so goddamn stupid. You are literally cherry picking here.
Yes inflation rates lags behind because they need to have that data to calculate it in the first place. Furthermore Trump printing the most money ever in the history of the nation on top of corporate greed has really done a number on this country.
You say there was greed before so that can’t be it now is the dumbest goddamn thing I’ve read today. How do you think these corporate monopolies are hitting record breaking profits quarter after quarter? Do you not realize that to continue to do that you must make more and more?
But noooo, the price gouging and size decreases in the face of low/reduced economic pressure is totally not indicative of the actual primary cause here.
Then let’s think back a few years (I know that must be difficult for a moron like yourself)
What happened then? Oh right, the pandemic.
Can you guess what the result would be if a very small minority that owned monopolistic capitalist empires gobbled up so much wealth and resources that they could collude on pricing without any need for it to bend with actual economic status? Do you think they will keep prices low when they are competing only with themselves?
B-but the greed was always there!!! That can’t be the cause of many of our current problems!!!!!!
Fucking goddamn idiot.
No that would be Donald’s thing. He printed the most money ever in the history of the goddamn country during his term of terror.
It’s a huge testament to Biden’s admin for the relatively soft landing we have had, one of the best in the G7. The thing is, we have another big problem: out of control corporate greed and late stage capitalism.
That problem is far bigger than anything Biden can do with a chaotic refuse-to-do-anything Congress who is paralyzed by minority extremists and Trump worshippers.
Money printers do not walk into your local supermarket and slap a big sticker with a big number for the price of bread.
The bread company, which sells your brand of bread made that decision. And they alone have that authority to dictate the price of their product.