The reason publicly traded companies continually raise prices is the pressure from Wall Street to continually make more money than you did last month, last quarter, last year.
Say you sell 1,000,000 hamburgers and make a 20% profit on it.
Unless you make more money next year, selling that same 1,000,000 hamburgers, Wall Street is going to punish you. They don’t care that you’re profitable.
You either sell more burgers or raise prices.
Thank Jack Welch and Milton Friedman
And Leo Strauss.
USA has a really wrong idea of fiduciary duty.
Trump called it “the Maduro plan” and I’m laughing. What an idiot!
I should have known, when I read all the comments posted under the story I read about it earlier. Nonetheless, there is the ongoing issue wrt Palestinians and their plight.
there is the ongoing issue wrt Palestinians and their plight.
which is why we shouldn’t (totally) dump on Oliver, Stein, and West.
Someone elsewhere said Blackrock is writing her economic policy but I’ve not found anything during a brief search, so I can’t verify it. If they send the URL, I’ll post it.
Don’t post until you have your sources in order or you’re just posting bullshit. 3 hours now.
Yes, how dare I allow anyone else who may have sources to post, or sleep? Such a horrible thing. I have the YT by this morning, but being such a horrible person, I have to attend to personal duties, before I can watch it and decide whether or not to post.
The video is posted, it’s solid.
Wait… wasn’t he just giving a “press conference” about how grocery prices have gone up? If not price controls, what will hinder price gouging?
We need to De-Woke the agricultural sector. There are too many regulations. Not enough people can keep a cow in their back yard and sell milk to the neighbors.
Retvrn to Tradition!
Just… not anywhere close to Trump-owned real estate.
Didn’t Mussolini hate sheep and people actively hid* them from his view?
I mean… Price control is kinda anti-capitalist, he’s not wrong.
And no I will not vote for Donald Trump.
The informed consumer is a great price control in the free market.
This is why I don’t buy whatever crap that Trump flogs or for that matter tic tacs.
The informed consumer is a great price control in the free market.
What does that even mean? We all see prices rising.
Price controls could lead to shortages, which is reportedly common in Communist countries—which I’ll concede to Trump;
however, Trump is hardly better with his flogging crap, the encouragement of stupidity, the anti-science, and the tariffs—why do Trump supporters—presumably a vast majority being consumers—support tariffs, quotas, and seem indifferent to IP (“intellectual property”) trolls and their lobbies? Why do they oppose abortion (and perhaps contraceptives) when fewer children means less need to purchase stuff?
Perhaps price controls for basics are needed, but this is not the ideal; and if you support price controls because you favour socialism, then again, Trump is kinda right here.
note: if I was American, I would not vote for Trump or pretty well any Republican.
Price controls could lead to shortages
Nope. That’s just the line the profiteers feed the most gullible of their victims so they’ll defend their corrupt practices.
which is reportedly common in Communist countries
You know what’s also common in nominally communist countries?
Government corruption, wealth and power being concentrated in the hands of a few privileged people, and that privileged class tricking their victims into being their advocates.
Exactly like capitalism in general, and especially US capitalism.
which I’ll concede to Trump
Well that’s just stupid and unnecessary. It’s not like he has a point or anything. he’s just throwing buzzwords at the board and seeing if any sticks
why do Trump supporters—presumably a vast majority being consumers—support tariffs, quotas, and seem indifferent to IP (“intellectual property”) trolls and their lobbies? Why do they oppose abortion (and perhaps contraceptives) when fewer children means less need to purchase stuff?
For the same reason that you think price controls lead to shortages and that any country calling itself communist is an accurate representative of what communism is: lots of internalized propaganda.
Disclaimer that shouldn’t be necessary: I’m not a communist or in favor of communism. It’s far too authoritarian, inflexible, and unprepared for when the real world doesn’t correspond with theory.
Perhaps price controls for basics are needed
No “perhaps” about it. The profiteers have demonstrated that they will always raise prices when not forced not to, far beyond their customers’ ability to survive in the long run. It’s long past time to make social murder illegal.
but this is not the ideal
No, the ideal is that all companies are worker owned co-ops so that the socially good and the fiscally good are inseparable so that there’s no systemic incentive to profiteering.
We’re not getting there within any of our lifetimes, if ever, though, so let’s focus on what is already possible and necessary: price controls.
if you support price controls because you favour socialism
Nah, I support price controls because they’re necessary to reduce a pandemic of standardized plundering of the poor. Call it socialism or don’t, just get that boot off my neck.
then again, Trump is kinda right here.
Nope. Not even kinda. He doesn’t know what communism is any more than he knows what asylum is, how to prevent forest fires, or how to deal with hurricanes.
The man is a colossal idiot who happens to be tragically effective at self-promoting. He’s also a fascist and the poster boy for malignant narcissism.
You do not, under any circumstances ever, have to concede ANYTHING to him as, even on the incredibly rare occasion that he’s right about literally anything, he got there by accident.
If necessities were socialized: clean, decent food, water, shelter, sustainable utilities, including internet, clean, safe, efficient public transportation, basic quality (durable, not hideous, well-made, well-fitting) clothing allowance, natural resources, clean air, land; and designer clothing, mansions, caviar, champagne, Bugattis, Fendi bags were capitalized, profits and capital, private holdings over a certain amount were taxed at 1950s rates of 93%, I’d be completely fine with that.
You know what?
<3
Ride is late, had time to watch the video. Salient points. https://youtu.be/iWf7PPhGGCM
