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Well this is weird? (Inflation report for April)
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BartlettTigerFan Online
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Post: #21
RE: Well this is weird? (Inflation report for April)
And still Tom avoids this thread. C’mon Tom, make it make sense for us.
05-31-2023 03:16 AM
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b0ndsj0ns Offline
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Post: #22
RE: Well this is weird? (Inflation report for April)
(05-29-2023 03:18 PM)JMUDunk Wrote:  
(05-29-2023 01:44 PM)b0ndsj0ns Wrote:  It's almost like there's another factor impacting inflation. It's almost like maybe insane record corporate profits during a period of inflation might be causing some of the inflation!

https://thehill.com/business/3756457-cor...inflation/

CEO's have been admitting bragging in earnings calls they've been raising prices far beyond what is needed to recoup cost increases. However, when both the president and congress have punted all fiscal policy to the Fed this is what you get the Fed has no power to reign in corporate price gouging their only inflation fighting tool is raising rates.


Fed shouldn’t be involved in trying to manipulate/determine what corporations are charging or earning in the first place.

How much benevolent “government” do we want in our lives to begin with? Does anyone actually believe the morons in their Men’s wearhouse 99$ suits traipsing the marble hallways of their Federal Govt luxury offices are any smarter than those that have actually built some thing, not just been hired to fill a chair?

Let the market(s) decide. If one doesn’t like the profits ABZ Corp is making, don’t go there. It’ll figure itself out. Trying to micromanage this stuff by government bureaucratic edict is what complete disasters are made of.

No thanks. Go away. Do no harm…

In a true free market with open competition and a bunch of competitors you are correct it would function properly. When you've allowed ABZ Corp to merge and acquire most of it's smaller competition and there's only a small handful of mega firms that control the entire market of an essential good how do you just "don't go there" for that product? If I don't like Sony for a TV I've got about 500 other choices of companies that make TV's. When 4 companies control over 60% of the US poultry market, when 4 companies control 70% of the cattle market, 4 companies control 2/3 of the entire US pork market, what are people supposed to do when prices are rising out of control, those companies profit margins are rising absurdly, and there's essentially no replacement choice?
05-31-2023 08:22 AM
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BartlettTigerFan Online
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Post: #23
RE: Well this is weird? (Inflation report for April)
(05-31-2023 08:22 AM)b0ndsj0ns Wrote:  In a true free market with open competition and a bunch of competitors you are correct it would function properly. When you've allowed ABZ Corp to merge and acquire most of it's smaller competition and there's only a small handful of mega firms that control the entire market of an essential good how do you just "don't go there" for that product? If I don't like Sony for a TV I've got about 500 other choices of companies that make TV's. When 4 companies control over 60% of the US poultry market, when 4 companies control 70% of the cattle market, 4 companies control 2/3 of the entire US pork market, what are people supposed to do when prices are rising out of control, those companies profit margins are rising absurdly, and there's essentially no replacement choice?

I have two different local farmers within 10 minutes of me. One due west and one due south. I get virtually all my meat from them, and most of my veggies. One of them has dairy, both cow and goat, so milk and cheese and butter are available. Pork, beef, goat, and chicken meat all can be purchased, all grown and raised locally. I haven't had a store bought egg since I moved here.

They're both cheaper than the grocery stores and they're closer too.

You remember what Hank Jr said, country folks can survive. Enjoy your ps-hit cities and mega corps.
05-31-2023 08:32 AM
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b0ndsj0ns Offline
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Post: #24
RE: Well this is weird? (Inflation report for April)
(05-31-2023 08:32 AM)BartlettTigerFan Wrote:  
(05-31-2023 08:22 AM)b0ndsj0ns Wrote:  In a true free market with open competition and a bunch of competitors you are correct it would function properly. When you've allowed ABZ Corp to merge and acquire most of it's smaller competition and there's only a small handful of mega firms that control the entire market of an essential good how do you just "don't go there" for that product? If I don't like Sony for a TV I've got about 500 other choices of companies that make TV's. When 4 companies control over 60% of the US poultry market, when 4 companies control 70% of the cattle market, 4 companies control 2/3 of the entire US pork market, what are people supposed to do when prices are rising out of control, those companies profit margins are rising absurdly, and there's essentially no replacement choice?

I have two different local farmers within 10 minutes of me. One due west and one due south. I get virtually all my meat from them, and most of my veggies. One of them has dairy, both cow and goat, so milk and cheese and butter are available. Pork, beef, goat, and chicken meat all can be purchased, all grown and raised locally. I haven't had a store bought egg since I moved here.

They're both cheaper than the grocery stores and they're closer too.

You remember what Hank Jr said, country folks can survive. Enjoy your ps-hit cities and mega corps.

So you fundamentally know the mega corps are bad but don't think anything should be done about it?
05-31-2023 08:45 AM
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BartlettTigerFan Online
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Post: #25
RE: Well this is weird? (Inflation report for April)
(05-31-2023 08:45 AM)b0ndsj0ns Wrote:  So you fundamentally know the mega corps are bad but don't think anything should be done about it?

Tell me what I can do besides not contributing to their bottom line and I'll do it.

Pretty sure our wallets are all the power we have here. Stand together and that's a lot of power.
05-31-2023 09:12 AM
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b0ndsj0ns Offline
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Post: #26
RE: Well this is weird? (Inflation report for April)
(05-31-2023 09:12 AM)BartlettTigerFan Wrote:  
(05-31-2023 08:45 AM)b0ndsj0ns Wrote:  So you fundamentally know the mega corps are bad but don't think anything should be done about it?

Tell me what I can do besides not contributing to their bottom line and I'll do it.

Pretty sure our wallets are all the power we have here. Stand together and that's a lot of power.

I think people of both sides pushing for strict anti-trust enforcement would be a great start. I don't think that should be super controversial to the average person of any political persuasion, that extreme market consolidation/monopoly power in an industry results in bad outcomes for consumers. Competition in a free market economy is good, in the industries where you see truly open competition with low barriers to entry for competitors that prices haven't increased all that much compared to consolidated industries.
05-31-2023 12:16 PM
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JRsec Offline
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Post: #27
RE: Well this is weird? (Inflation report for April)
(05-31-2023 12:16 PM)b0ndsj0ns Wrote:  
(05-31-2023 09:12 AM)BartlettTigerFan Wrote:  
(05-31-2023 08:45 AM)b0ndsj0ns Wrote:  So you fundamentally know the mega corps are bad but don't think anything should be done about it?

Tell me what I can do besides not contributing to their bottom line and I'll do it.

Pretty sure our wallets are all the power we have here. Stand together and that's a lot of power.

I think people of both sides pushing for strict anti-trust enforcement would be a great start. I don't think that should be super controversial to the average person of any political persuasion, that extreme market consolidation/monopoly power in an industry results in bad outcomes for consumers. Competition in a free market economy is good, in the industries where you see truly open competition with low barriers to entry for competitors that prices haven't increased all that much compared to consolidated industries.

Agree. Conglomerate thinking gave us planned obsolescence and destroyed the diversity of competition which gave us better innovation.
05-31-2023 12:18 PM
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stinkfist Offline
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Post: #28
RE: Well this is weird? (Inflation report for April)
(05-31-2023 12:18 PM)JRsec Wrote:  
(05-31-2023 12:16 PM)b0ndsj0ns Wrote:  
(05-31-2023 09:12 AM)BartlettTigerFan Wrote:  
(05-31-2023 08:45 AM)b0ndsj0ns Wrote:  So you fundamentally know the mega corps are bad but don't think anything should be done about it?

Tell me what I can do besides not contributing to their bottom line and I'll do it.

Pretty sure our wallets are all the power we have here. Stand together and that's a lot of power.

I think people of both sides pushing for strict anti-trust enforcement would be a great start. I don't think that should be super controversial to the average person of any political persuasion, that extreme market consolidation/monopoly power in an industry results in bad outcomes for consumers. Competition in a free market economy is good, in the industries where you see truly open competition with low barriers to entry for competitors that prices haven't increased all that much compared to consolidated industries.

Agree. Conglomerate thinking gave us planned obsolescence and destroyed the diversity of competition which gave us better innovation.

it won't be much longer before most folk are wearing the same 'price tag' ... I'd peg that guy ~2040...
05-31-2023 05:10 PM
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JRsec Offline
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Post: #29
RE: Well this is weird? (Inflation report for April)
(05-31-2023 05:10 PM)stinkfist Wrote:  
(05-31-2023 12:18 PM)JRsec Wrote:  
(05-31-2023 12:16 PM)b0ndsj0ns Wrote:  
(05-31-2023 09:12 AM)BartlettTigerFan Wrote:  
(05-31-2023 08:45 AM)b0ndsj0ns Wrote:  So you fundamentally know the mega corps are bad but don't think anything should be done about it?

Tell me what I can do besides not contributing to their bottom line and I'll do it.

Pretty sure our wallets are all the power we have here. Stand together and that's a lot of power.

I think people of both sides pushing for strict anti-trust enforcement would be a great start. I don't think that should be super controversial to the average person of any political persuasion, that extreme market consolidation/monopoly power in an industry results in bad outcomes for consumers. Competition in a free market economy is good, in the industries where you see truly open competition with low barriers to entry for competitors that prices haven't increased all that much compared to consolidated industries.

Agree. Conglomerate thinking gave us planned obsolescence and destroyed the diversity of competition which gave us better innovation.

it won't be much longer before most folk are wearing the same 'price tag' ... I'd peg that guy ~2040...

They have 2 options. Goad a conflict with those who know better and who wouldn't be trading many years to fight it or wait until we are dead. What we do in the meantime is the only thing we can do to help our kids. After all that is all of us in the flesh we leave behind. We can't take the rest with us. We can only look forward to the world beyond with curiosity. If you are not a believer energy never ceases to exist it merely transforms from one form into another. For me at least that focuses priorities. I'd say our short term goal is to seek to abolish the damned U.N.
05-31-2023 05:19 PM
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shere khan Offline
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Post: #30
RE: Well this is weird? (Inflation report for April)
Thats the big acchuaaally that the filth love to spew.

Its not retard democrat policies but corps making too much money.

Same BS. Different decade

Problem is that we predicted inflation as soon as the frickrn bidentard was elected.
05-31-2023 05:25 PM
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JRsec Offline
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Post: #31
RE: Well this is weird? (Inflation report for April)
(05-31-2023 05:25 PM)shere khan Wrote:  Thats the big acchuaaally that the filth love to spew.

Its not retard democrat policies but corps making too much money.

Same BS. Different decade

Problem is that we predicted inflation as soon as the frickrn bidentard was elected.

Hey, it's the damn corporations funneling the money to the Dems via PAC which is at the root of it all.

It's the PAC money that makes RINOs. It is globalism which is threatening our freedom through the lackies they put in place in our government and the governments of our former allies. Brexit is the same fight as clean/drain the swamp!

If you don't get that you are part of the problem and not part of any solution.

The biggest problem facing the Conservative/Remove the Fools coalition, and they are different, is that way too many of our people think they have done something by posting on a damn social media site instead of putting sweat into the ground game. Anyone can stand outside the fray and lob criticism grenades. Who is going to be part of the solution?

It is unchecked corporatism. They hate the middle class, love cheap labor and depend upon free access to raw materials for which the private ownership of property gets in the way. Ike was right. The military industrial complex was one of the chief backers of the Federal Reserve in this country. Now those conglomerates are indistinguishable from the Banks, from Real Estate, from any form of trade, and they literally own it all.

In 1984 my wife was employed by a British corporation who owned our bank and the real estate agency from which we bought our home. If computers had been in use since we were in a resort area, they would have found a profit in laying her off, calling our loan, and reselling our property for a profit. Gratefully when she did get laid off I had plenty of money with my career to cover it.

Now those bastards have that power! Our government is in their hip pocket. And they are raping the hell out of all of us. The stupid Dems think social trinkets are worth their disloyalty to the rest of humanity. They are the fools.

If the Dems had half a brain they would join us in taking back our government and hash out what they want with us instead of taking freebies stolen from our taxes to empower the ones who are out to destroy us both. Now that's the frigging reality!

We are allowing the corporate puppet masters to maneuver us all into conflict with one another. I'm good and damned tired of being on the short end of divide and conquer! We need to try to unite and win! But we let the media play every group off against another in an endless culture war designed to keep our eyes off of how those bastards are taking from all of us and our children.

In WWII we still hated the communists, but we sided with the USSR to destroy the evil of Fascism in Nazi Germany. A political phenomenon embraced by Henry Ford and Charles Lindburgh. Well it's back, it's global, and it's here. If we are going to beat it we will need our enemies and disparate social groups to stand together to stop it. It's a tall, perhaps impossible task, but you don't succeed if you don't try! The people we are fighting presently are represented by idiots. But hell, so are we! Only together can that change. Only together can we go back to shaping policy by consensus. Only together do we get our representative democracy back for our Free Republic. If Corporations own it all (means of production and government), it is Fascism.

And to the Dems I say, what the hell have these people promised you that you didn't already have, except the damned transgendered stuff that many of the LGB alliance don't even agree with? You have equal rights, under the constitution. What the Progressives (always fascist) promised you was unequal rights. Why? To place you into a position of conflict with the middle-class value system. What have they taken from you? Any chance of throwing off their yoke when they turn on you, and they always do. Ask Germans how well homosexuals faired in Germany? Yet prior to Hitler's rise it was all open and expressive. They encouraged it to offend the middle class, then they rallied the middle class under Hitler by stamping it out. They gave the people a depression and lack of jobs and used socialism taken from the middle class to blame the Jews, and give everyone a job, most in the military. Sound familiar? In the age of automation, the Gestapo will be much more efficient and deadly.

China adopted the Waffen SS racial purity codes substituting Chinese for Aryan. They have already trained Ein Satz Gruppen for dealing with undesirables and have slave labor camps our corporations use, for minorities. If they win how does that work out for those on the dole, those who aren't Chinese, and those whose lifestyle is considered undesirable by the party? They used Disney, they used the NBA and BLM, they used DEI for the lever with which to drive wedges between factions in a melting pot society to weaken our determination by internal conflict, and to weaken our resolve to defend our Constitution and our way of life.

What is a disgusting shame is how effective we've allowed it to be but then corporate money to Washington bought it in exchange for cheap foreign labor and not having their investments abroad seized. The Devil is at our throats and his job is an easy one if we don't get together, bury the hatchets we've been handed by the Reds, who have used Corporate Fascism to gain world power, and want us to destroy ourselves so their job to seize our abundant natural resources, and that is what this is about, especially water, can be done without using nukes, which defeats their objective.

We may not love each other, but anyone who helps us both to survive is a welcome friend in a fight.

Vote anyone in you like as long as they are not endorsed by the Democrat or Republican party. Take our nation back, get our voices heard by each other, and work out a compromise vision for us all, before we all become the slaves of a new Global master. We have a bigger enemy than each other, and it wants 5 billion less people in the world. Sober up on that.

And note: I do not seek the abolishment of Corporations, just the elimination of their money in elections and caps on what individuals may give. Do that and we can start taking back our own government. Right now it is not answerable to any of us.

We all are abundantly aware of what we each are against. What are we for? I'm for preserving the free nation in which I was born and raised. I'm for the Constitution, the Bill of Rights, and any man or woman having access to self-improvement and self-determination. There are many things I dislike, and have disliked, but the only thing I hate is that which seeks to destroy what I love, faith in God and my freedom to worship, my family, and my Country. Right now those three take precedence over political differences, sexuality, race, and anything else, except the internal force which has coopted our government and bought us out of it, and the external forces using that internal force's greed to kill us.

That's it!
(This post was last modified: 05-31-2023 06:58 PM by JRsec.)
05-31-2023 05:32 PM
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b0ndsj0ns Offline
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Post: #32
RE: Well this is weird? (Inflation report for April)
(05-31-2023 05:25 PM)shere khan Wrote:  Thats the big acchuaaally that the filth love to spew.

Its not retard democrat policies but corps making too much money.

Same BS. Different decade

Problem is that we predicted inflation as soon as the frickrn bidentard was elected.

I'm pretty certain you could be in favor of both limited government and strong anti-trust enforcement. I very much think you could be for limiting the influence of government on peoples lives and limiting corporate influence on peoples lives as well. You can be against government interference in the free market and be against unchecked monopoly power. Competition is good for consumers, monopolies and consolidation are bad for consumers. This country needs a Teddy Roosevelt right now in the worst way, I'd support that type of candidate from any party if they were serious about it.
(This post was last modified: 06-01-2023 01:00 PM by b0ndsj0ns.)
06-01-2023 12:55 PM
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stinkfist Offline
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Post: #33
RE: Well this is weird? (Inflation report for April)
(06-01-2023 12:55 PM)b0ndsj0ns Wrote:  
(05-31-2023 05:25 PM)shere khan Wrote:  Thats the big acchuaaally that the filth love to spew.

Its not retard democrat policies but corps making too much money.

Same BS. Different decade

Problem is that we predicted inflation as soon as the frickrn bidentard was elected.

I'm pretty certain you could be in favor of both limited government and strong anti-trust enforcement. I very much think you could be for limiting the influence of government on peoples lives and limiting corporate influence on peoples lives as well. You can be against government interference in the free market and be against unchecked monopoly power. Competition is good for consumers, monopolies and consolidation are bad for consumers. This country needs a Teddy Roosevelt right now in the worst way, I'd support that type of candidate from any party if they were serious about it.

funny ... I mentioned that exact thingy in '15 ... it turned into #henceDJT --->>> #DJTexperiment...

we know the end result of that guy now, Ja?!

#groverII is dead @longLiveTheSwamp
06-01-2023 01:58 PM
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JRsec Offline
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Post: #34
RE: Well this is weird? (Inflation report for April)
(06-01-2023 01:58 PM)stinkfist Wrote:  
(06-01-2023 12:55 PM)b0ndsj0ns Wrote:  
(05-31-2023 05:25 PM)shere khan Wrote:  Thats the big acchuaaally that the filth love to spew.

Its not retard democrat policies but corps making too much money.

Same BS. Different decade

Problem is that we predicted inflation as soon as the frickrn bidentard was elected.

I'm pretty certain you could be in favor of both limited government and strong anti-trust enforcement. I very much think you could be for limiting the influence of government on peoples lives and limiting corporate influence on peoples lives as well. You can be against government interference in the free market and be against unchecked monopoly power. Competition is good for consumers, monopolies and consolidation are bad for consumers. This country needs a Teddy Roosevelt right now in the worst way, I'd support that type of candidate from any party if they were serious about it.

funny ... I mentioned that exact thingy in '15 ... it turned into #henceDJT --->>> #DJTexperiment...

we know the end result of that guy now, Ja?!

#groverII is dead @longLiveTheSwamp

If they are a billionaire businessman, perhaps they work for the swamp? Do any of us know these guys other than through the media? No.

If we want to clean up the swamp we can do that 1 state at the time. Clean up the political machines within each state and elect people who work for the people and Washington's governance will change. It will take deliberate and painful action to eliminate the bureaucracies, but all of it starts at home. Make sure your Representatives and Senators are your people, not corporate transplant candidates. Make sure that Corporate Horse #1 isn't running against flawed and crippled Corporate Horse #2 to make sure who wins. There's a lot of that going on as well.

It is the only shot we have at voting out PAC money which is the key to taking the country back. It isn't a Red vs Blue or Republican vs Democratic issue. It is a Corporate Globalist takeover vs the freedom of all people issue. The differences we have with the left we can hash out in Congress if their people are their people and our people are our people. If corporate takeover is completed there will be no discussions for either side on any issue and anyone who pushes objections will simply disappear. It is how that system works. The Democrats are Americans I disagree with and can settle disputes with in dialogue. If we don't get the Corporate Multi Nationals out of our government we won't be allowed to disagree and we will no longer be Americans.
06-01-2023 02:10 PM
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WalkThePlank Offline
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Post: #35
RE: Well this is weird? (Inflation report for April)
(05-29-2023 01:44 PM)b0ndsj0ns Wrote:  It's almost like there's another factor impacting inflation. It's almost like maybe insane record corporate profits during a period of inflation might be causing some of the inflation!

https://thehill.com/business/3756457-cor...inflation/

CEO's have been admitting bragging in earnings calls they've been raising prices far beyond what is needed to recoup cost increases. However, when both the president and congress have punted all fiscal policy to the Fed this is what you get the Fed has no power to reign in corporate price gouging their only inflation fighting tool is raising rates.

So CEO's weren't greedy for the last century, but they became so once Biden got into office. Yes, this adds up. Thank you!

Could you also explain why SMB prices have gone up too? If corporations are jacking the prices up and are forcing us all to pay, why are the mom and pop stores doing the same thing? Are they evil too?
(This post was last modified: 06-01-2023 02:26 PM by WalkThePlank.)
06-01-2023 02:23 PM
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oruvoice Offline
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Post: #36
RE: Well this is weird? (Inflation report for April)
(05-31-2023 03:16 AM)BartlettTigerFan Wrote:  And still Tom avoids this thread. C’mon Tom, make it make sense for us.

I'm sure he's loading up his community college level replies.

Stand by...03-lmfao
06-01-2023 02:37 PM
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b0ndsj0ns Offline
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Post: #37
RE: Well this is weird? (Inflation report for April)
(06-01-2023 02:23 PM)WalkThePlank Wrote:  
(05-29-2023 01:44 PM)b0ndsj0ns Wrote:  It's almost like there's another factor impacting inflation. It's almost like maybe insane record corporate profits during a period of inflation might be causing some of the inflation!

https://thehill.com/business/3756457-cor...inflation/

CEO's have been admitting bragging in earnings calls they've been raising prices far beyond what is needed to recoup cost increases. However, when both the president and congress have punted all fiscal policy to the Fed this is what you get the Fed has no power to reign in corporate price gouging their only inflation fighting tool is raising rates.

So CEO's weren't greedy for the last century, but they became so once Biden got into office. Yes, this adds up. Thank you!

Could you also explain why SMB prices have gone up too? If corporations are jacking the prices up and are forcing us all to pay, why are the mom and pop stores doing the same thing? Are they evil too?

It's not that CEO's "became more greedy" it's that in a lot of industries power is consolidated among a handful of firms. The entire point of capitalism is the pursuit of profit above all else. You have a global supply chain crisis that increases the costs for everyone, so yes that makes sense to lead to increased prices. In a market that was working efficiently you would expect those prices to rise to the level to make up for the increase in cost, maybe a little over that, but if they rose too much it would lower demand and they'd have to decrease price to get back to equilibrium. Instead you saw for example meat prices explode, and those companies profit margins rise to insane levels because for example 4 firms control 60% of the US poultry industry, 4 firms control 70% of the US cattle industry, etc, and because there's no real substitute people eat meat in this country demand didn't and couldn't crater to get prices back in line. You didn't see prices in industries with mass competition rise at nearly the same level, or their profit margins explode. TV's didn't double in price, computers didn't double in price, I didn't start paying 75% more for beer, yet industries without robust competition are where you saw the biggest explosion in prices. Monopolies bad, industry consolidation bad, competition good, break up these conglomorations.
06-01-2023 02:49 PM
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Eldonabe Offline
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Post: #38
RE: Well this is weird? (Inflation report for April)
(06-01-2023 02:37 PM)oruvoice Wrote:  
(05-31-2023 03:16 AM)BartlettTigerFan Wrote:  And still Tom avoids this thread. C’mon Tom, make it make sense for us.

I'm sure he's loading up his community college level replies.

Stand by...03-lmfao

How did you know he went to community college?

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06-01-2023 03:00 PM
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I Root For: Old Dominion
Location: Norfolk, Va.
Post: #39
RE: Well this is weird? (Inflation report for April)
(06-01-2023 03:00 PM)Eldonabe Wrote:  
(06-01-2023 02:37 PM)oruvoice Wrote:  
(05-31-2023 03:16 AM)BartlettTigerFan Wrote:  And still Tom avoids this thread. C’mon Tom, make it make sense for us.

I'm sure he's loading up his community college level replies.

Stand by...03-lmfao

How did you know he went to community college?

[Image: images?q=tbn:ANd9GcQwAnPhS99o5ZQsNgqCkli...p;usqp=CAU]

Dr. Jill Biden was his academic advisor.
06-01-2023 03:04 PM
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WalkThePlank Offline
Heisman
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Post: #40
RE: Well this is weird? (Inflation report for April)
(06-01-2023 02:49 PM)b0ndsj0ns Wrote:  It's not that CEO's "became more greedy" it's that in a lot of industries power is consolidated among a handful of firms. The entire point of capitalism is the pursuit of profit above all else. You have a global supply chain crisis that increases the costs for everyone, so yes that makes sense to lead to increased prices. In a market that was working efficiently you would expect those prices to rise to the level to make up for the increase in cost, maybe a little over that, but if they rose too much it would lower demand and they'd have to decrease price to get back to equilibrium. Instead you saw for example meat prices explode, and those companies profit margins rise to insane levels because for example 4 firms control 60% of the US poultry industry, 4 firms control 70% of the US cattle industry, etc, and because there's no real substitute people eat meat in this country demand didn't and couldn't crater to get prices back in line. You didn't see prices in industries with mass competition rise at nearly the same level, or their profit margins explode. TV's didn't double in price, computers didn't double in price, I didn't start paying 75% more for beer, yet industries without robust competition are where you saw the biggest explosion in prices. Monopolies bad, industry consolidation bad, competition good, break up these conglomorations.

Your points are valid but wrongfully placed in this topic:

We had steady inflation (roughly 3%) for four decades. What you are describing is corporatism, which is not capitalism. The barrier to entry in these industries are high which protects and monopolizes these companies. Both political parties support this various reasons. These things have been happening for DECADES though, so what has changed since 2021?

The administration was caught so flat-footed. They knew that demand was going to level out during 2021 as people began to behave like pre-COVID times. This took shape in late 2020/early 2021. The issue began with overall supply chain problems. Biden didn't even address this issue until July of 2021 calling it "temporary." It's been nearly two years and there are still supply chain problems here in the US. The only thing that helped was the CHIPS act which is more about security versus economics (but is beneficial to both).

One of my good friends sells eCommerce software. It basically enables a company to control their own supply chain through a SaaS product that automates repricing based off demand and market value. Every company is in business to make as much money as possible. Every industry - SMB and corporations, are in lockstep to increase whatever profit margin they can. It isn't like 10 dudes in white suits get together in midtown Manhattan and say "hey guys how can we price fix the market today?" Most of these online retailers are automated pricing that relies on AI to put pricing in-line with whatever demand wave is happening. I know you're talking more about Core CPI versus online/day to day but again, we've called oil/gas/food companies greedy for decades but only recently have they price gouged. There's more to it than that, government helped facilitate the market conditions that we are currently in.
(This post was last modified: 06-01-2023 03:11 PM by WalkThePlank.)
06-01-2023 03:07 PM
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