continuing inflation is down. but you aren’t getting your lost purchasing power back through a wage increase though, LOL!
Inflation rate doesn’t mean as much when the monopolies that own all of our grocery stores and the like price gouge because they can and not because of actual economic pressure.
That is economic pressure. Them doing what they can to get as much as they want is the force of nature that the term “economic pressure” refers to.
That pressure is normally balanced by other economic forces such as the struggle to capture more market share.
So I agree with you that our grocers have gotten a lot bolder in their monopolistic positions. But I don’t think it’s from anything other than a natural economic pressure, just channeled through a market with a new shape that prevents that other pressure acting against it.
It’s merely a measure of whether or not money is moving around. Currently, money is moving around a lot. Just not from the common person.
Oh, it’s moving from them plenty. It’s just not moving to them very well.
Almost like economic indicators don’t have the weight on the general population that the wealthy would like us to believe.
Well, inflation does affect people, but more than that corrupt businesses can push the prices up even if inflation goes down.
Right, grocery store prices and just general corner cutting in said stores has gone up faster than inflation, at least in my experience.
Corrupt businesses can only do that if they’re in a situation without competition.
With competition in play, they can’t just push up prices arbitrarily without losing business to their competitors.
A situation without competition between businesses is more like a corrupted market. I guess the businesses are themselves corrupt too, to be participating in such a price fixing cartel, to take the opportunity provided by the corrupted market, but the only reason they’re able to is if their competition has been eliminated.
But… But… But… People tell me my anecdotal experience is meaningless and I’m stupid for thinking anything other than rich people doing well matters!
