Tony, Pretty MuchJust going to tag this #inflation or more specifically #corporategreed
Rob@TonyStark inflation is what you get when you pay the prices as they increase, which only stops when you dont
@robfielding So your plan is people just quit eating and driving to work? Cool, cool.
@TonyStark but that is what caused gas to go to almost $1 during the pandemic. you can definitely stop going to restaraunts, and prices will get pushed down. i am just noting that inflation is a lot simpler than it sounds.
@robfielding not quite.
Corporate profits have contributed disproportionately to inflation. How should policymakers respond? | Economic Policy Institute
Corporate profits have contributed disproportionately to inflation. How should policymakers respond?
The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything in the U.S. economy can be broken down into the three main components of cost. These…
@TonyStark but what i am saying is the corporate profits and inflation go together. if you kept paying the higher prices, then they continued to rise. prices only fell when you figured out how to stop paying their price; the only way the price will go down. the companiesfind ways to get obese on their newly inflated prices. it takes pain for them to bring prices back down.
@robfielding Yes, I see what you’re saying. What you’re saying is unfortunately wrong when companies often have a monopoly over services and those services are necessary. It’s not a simple supply/demand model anymore. I’m sure I don’t have to explain to to you how stock options and buy outs work and how that subverts markets. We don’t have a free market. It requires further intervention.
@TonyStark I have been dealing with this especially with regards to insulin and diabetes supplies. I went blind most of last month; as I got down to rationing the supplies. Doctors think I am crazy when I ask how much anything costs and say: "But you have insurance." with a puzzled face.
borkcorkedforks@robfielding High income earners sometimes have trouble seeing from the perspective of those with less. I would generally expect someone in healthcare would realize costs are fucked but maybe the doc isn't aware that shit insurance is a thing....