Many progressive economists pointed to corporate profits – or “greedflation” – and supply chain issues as a driver of high prices
Theft. It’s called theft.
Theft is when you take something someone else has without their consent. Charging a lot for what you sell isn’t theft.
Profiteering, price gouging, and wage theft are forms of theft.
Many places already make these illegal, but corporations don’t face consequences when caught.
The worst part is that many of these companies have stated that without increases in consumer prices, they would be forced to shut down. Lies.
Our largest grocery store operator in Canada has been posting record profits these past few years, despite claiming that prices need to go up. They are stealing from consumers.
Aren’t they also losing customers? I don’t buy shit anymore. Won’t a lot of places eventually drive themselves out of business? A smaller, captive customer base with the wealth to choose differently if they feel like it. The vast majority just doing without whatever isn’t crucial.
so, this is a US news community now?
Edit: per other commenters, the lemmy_world community isn’t very active. Looks like !anime_titties@kbin.social is a better bet.
Note that for some reason when I subbed to that one I couldn’t see any posts but after a few hours I started to see any newly posted content. I’m guessing that has something to do with how kbin and Lemmy integrate. So if you don’t see any post when adding it just subscribe anyway and then wait a bit
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Tip: If you are looking for global news without as much US content try out: !anime_titties@lemmy.world
Don’t let the name put you off. It is a real news community.
I think they mean this one https://kbin.social/m/anime_titties . That is what I thought they meant. This anime_titties posts daily
Sorry I don’t know how to make that a Lemmy link
Is it only half? I bet it’s way higher
Meanwhile, everyone knew this and the Fed targeted individuals instead of corporations when trying to tackle it.
If you want to know how bad we’re being fucked, search for the PPI, the producer price index. CPI, the one we always hear about, is the measure of inflation to us, the consumer. The PPI is the measure of inflation to producers, what they pay for goods and services to produce the goods and services we buy.
The PPI has been back to “normal” for a while now. Pretty much as soon as the post COVID logistics issues were mostly ironed out. The difference between PPI and CPI changes is pure profit.
We don’t get daily articles on the PPI though, I wonder why.
Edit: tell people about PPI whenever you can, online or off, the more people know, the better. It’s easy enough to say inflation is just down to greed but being able to back it up by comparing two simple charts will help people really understand.